Gilbarco Veeder-Root Acquires Midco Ltd.

Gilbarco Veeder-Root Acquires Midco Ltd.

The acquisition extends Gilbarco’s footprint in India.

Gilbarco Veeder-Root (GVR) has signed a definitive agreement to acquire the assets of Midco Ltd., subject to customary conditions to closing. Headquartered in Mumbai, Midco designs and manufactures fuel dispensers and related fueling station equipment.

According to GVR, Midco has a demonstrated track record of fit-for-purpose engineering products and quality service across India. Midco will integrate with GVR’s India operations, led by the current Vivek Bhide, GVR managing director for India.

GVR says this acquisition signals Gilbarco’s commitment to expanding its footprint in this key market. “India is a very important market for us as it continues to grow, deregulate and adopt technology to improve efficiency and protect the environment,” said Aaron Saak, president of Gilbarco Inc. “Over time we plan to increase the full breadth of the GVR product portfolio and integrated automated solutions to the market in India. This large installed base of equipment, combined with the remote monitoring and software capabilities, through the recent acquisition of Orpak, puts us in a good position to drive network visibility, digitization and operational efficiency across the fueling sector. We are excited to make this additional investment locally to continue to drive improvements in the way we meet our customers’ expectations.”

Midco will become part of GVR’s India operations post-closing. Closing is expected to require approximately three months due to statutory requirements.

You May Also Like

Global Auto Parts Manufacturer GMB Expands Product Lineup

The company has added automotive maintenance items to its offerings.

GMB, one of the largest global manufacturers and suppliers of OE and aftermarket automotive products, has added GMB-branded motor oil, oil filters, automatic transmission fluid, and automotive batteries to its catalog. According to GMB these new products are designed and formulated to maintain newer import and domestic vehicles effectively.

A Force for Change

Parts suppliers balance both challenges and influence as one of the nation’s biggest industries.

Petra Launches New Lineup

The new products were introduced at Petra’s annual conference.

BBB Launches New Website for Wilson Commercial Vehicle Brand

The company says the new website offers a more user-friendly experience with improved search capabilities.

Lear Wins a GM 2022 Supplier of the Year Award

Lear takes home the honor for the 22nd time.

Other Posts

How AI Can Enhance Travel and Working Abroad

Allen C. Koski, president and CIO of Insured Nomads, talks about the benefits for automotive professionals.

Maxxis Now OE on BMW 1 Series in Europe

Maxxis will supply BMW Group with its Premitra HP5 tire in size 225/40R18 92Y XL HP5.

Marketparts Unveils New Spare Parts Marketplace Platform

More than 15,000 registered distributors in 125 countries can now access nearly 26M offers on 10M products.

Nokian Tyres Expands Dayton Factory Footprint

A new 350,000 square-foot warehouse will be complete by mid-2024.