Wayne Fueling Systems Reaches Agreement to Acquire Vianet Fuel Solutions
The UK based Vianet Fuel Solutions Limited (VFS) includes two main product lines as part of the Wayne acquisition: Fuel Management Solutions (FMS) and Construction and Forecourt Services (CFS).
Vianet plc to divest Fuel Management Services and Construction and Forecourt Services to Wayne.
Fuel management subsidiary of Vianet aligns with Wayne’s strategy to develop fuel management capabilities.
The transaction is expected to be completed in the first quarter of 2016.
AUSTIN, TEXAS —December 8, 2015— Wayne Fueling Systems (“Wayne”), a global provider of fuel dispensing, payment, automation, and control technologies for retail and commercial fuel stations, has announced that they have reached an agreement with Vianet Group plc, a leading provider of real-time monitoring systems, data management services, and actionable data for the leisure and vending sectors, to acquire their fuel management subsidiary.
The UK based Vianet Fuel Solutions Limited (VFS) includes two main product lines as part of the Wayne acquisition: Fuel Management Solutions (FMS) and Construction and Forecourt Services (CFS). FMS is comprised of real-time wet-stock management, asset management and compliance monitoring services. CFS aligns with Wayne’s current UK services business, although provides additional services including forecourt construction electrical compliance services and tank lining.
“The decision to acquire Vianet Fuel Solutions is a natural fit for the Wayne business as it helps further our goal to offer fuel management capabilities to our customers,” said Neil Thomas, Wayne Chief Executive Officer. “The Vianet business already has existing customers in the UK, has a knowledgeable team, and has competitive and comprehensive Fuel Management solutions which complements our product and services offerings.”
“Over the past two years, VFS has made significant commercial progress and has established a strong reputation in the UK forecourt sector. This transaction recognizes the value which has been created,” noted James Dickson, Chairman of Vianet Group plc. “Whilst it will be sad to say farewell to the VFS team, I am pleased that there is a great fit with Wayne who will take VFS to the next stage of development and growth in a competitive landscape increasingly dominated by major global players such as Wayne.”
The closure of the acquisition is anticipated to occur in first quarter of 2016.
About Wayne Fueling Systems Wayne Fueling Systems is one of the world’s largest suppliers of fuel dispensers, payment terminals, forecourt control devices, point-of-sale and other measurement and control solutions to the retail and commercial fueling industry. Wayne has been at the forefront of innovation since it was founded in 1891 and is responsible for many of the breakthrough technologies that have transformed fuel retailing. Through a global network of distributors and service partners, Wayne products are sold and supported in over 140 countries around the world. Wayne has major design and assembly operations in the U.S., Sweden, Brazil and China. www.wayne.com
For more information, contact:
Michelle Saab, Global Communications Leader Wayne Fueling Systems +1 512 388 8468 [email protected]
The Vianet Group is focused on the provision of real time monitoring systems, data management solutions, actionable data insights, and associated services for the leisure and vending sectors. Since its Admission to AiM in 2006, the Group has grown from its core Brulines beer monitoring business both organically and through strategic acquisitions to widen its offering to pub and bar retailers with its industry leading product iDraught as well as developing new businesses in vending telemetry, and gaming machine data.
Headquartered in Stockton-on-Tees, United Kingdom, Vianet employs more than 220 people. For further information, please visit www.vianetplc.com