Gilbarco Veeder-Root
   HOME

TheInfoList



OR:

Gilbarco Inc., doing business as Gilbarco Veeder-Root, is a supplier of
fuel dispenser A gasoline pump or fuel dispenser is a machine at a filling station that is used to pump gasoline (petrol), diesel, or other types of liquid fuel into vehicles. Gasoline pumps are also known as bowsers or petrol bowsers (in Australia and Sou ...
s,
point of sales The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice f ...
systems,
payment system A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that ...
s, forecourt merchandising and support services. The company operates as a subsidiary of Vontier and its headquarters are in
Greensboro, North Carolina Greensboro (; ) is a city in Guilford County, North Carolina, United States, and its county seat. At the 2020 United States census, 2020 census, its population was 299,035; it was estimated to be 307,381 in 2024. It is the List of municipalitie ...
,
United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
. It employs approximately 4,000 people worldwide, with sales, manufacturing, research, development, and service locations in North and South America, Europe, Asia, the Pacific Rim, Australia, the Middle East and Africa. Regional offices are located throughout the US and Canada, and in the United Kingdom, Italy, Germany, the Netherlands, United Arab Emirates, Morocco, Egypt, South Africa, Malaysia, Thailand, China, Korea, Australia, New Zealand, India, Brazil and Argentina. The company's manufacturing and development facilities are located in Greensboro, and in
Simsbury, Connecticut Simsbury is a town in Hartford County, Connecticut, United States, incorporated as Connecticut's 21st town in May 1670. The town is part of the Capitol Planning Region. The population was 24,517 in the 2020 census. History Early history At ...
,
Altoona, Pennsylvania Altoona ( ) is a city in Blair County, Pennsylvania, United States. The population was 43,963 at the time of the 2020 United States census, 2020 census. It is the principal city of the Altoona Metropolitan statistical area, metropolitan area, w ...
,
Lakewood, Colorado Lakewood is the List of municipalities in Colorado#Home rule municipality, home rule municipality that is the List of municipalities in Colorado, most populous municipality in Jefferson County, Colorado, United States. The city population was 15 ...
, Tipp City, Ohio and
Davenport, Iowa Davenport ( ) is a city in Scott County, Iowa, United States, and its county seat. It is situated along the Mississippi River on the eastern border of the state. Davenport had a population of 101,724 as of the 2020 United States census, 2020 cen ...
. International research and development locations include the US, New Zealand, and India. Gilbarco and
Dover Corporation Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy a ...
are considered to be
duopoly A duopoly (from Greek , ; and , ) is a type of oligopoly where two firms have dominant or exclusive control over a market, and most (if not all) of the competition within that market occurs directly between them. Duopoly is the most commonly ...
in
fuel dispenser A gasoline pump or fuel dispenser is a machine at a filling station that is used to pump gasoline (petrol), diesel, or other types of liquid fuel into vehicles. Gasoline pumps are also known as bowsers or petrol bowsers (in Australia and Sou ...
in
Western Western may refer to: Places *Western, Nebraska, a village in the US *Western, New York, a town in the US *Western Creek, Tasmania, a locality in Australia *Western Junction, Tasmania, a locality in Australia *Western world, countries that id ...
countries.


History

The company was founded under the name Gilbert & Barker in 1870 by Charles Gilbert and John Barker in
Springfield, Massachusetts Springfield is the most populous city in Hampden County, Massachusetts, United States, and its county seat. Springfield sits on the eastern bank of the Connecticut River near its confluence with three rivers: the western Westfield River, the ea ...
, and by 1911 had introduced the first measuring gasoline pump. The company was renamed as Gilbarco in 1929. For nearly 100 years Gilbarco was an affiliate of what is today the Exxon Mobil Corporation until it was later acquired by the
British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies. * British national identity, the characteristics of British people and culture ...
engineering Engineering is the practice of using natural science, mathematics, and the engineering design process to Problem solving#Engineering, solve problems within technology, increase efficiency and productivity, and improve Systems engineering, s ...
company GEC in 1987. Among Gilbarco's first products was a simple oil burning lamp, which was given away in China and other places to increase the purchase of lamp oil. That lamp was so popular within the Exxon culture that it was the inspiration for the name of Exxon's in house magazine "The Lamp" until that publication was discontinued in recent years. In 1999 GEC renamed itself to Marconi and Gilbarco became Marconi Commerce Systems. In 2002 Gilbarco was acquired by the
Danaher Corporation Danaher Corporation is an American global conglomerate founded in 1984 by brothers Steven and Mitchell Rales. Headquartered in Washington, D.C., the company designs, manufactures, and markets medical, industrial, and commercial products and ...
, parent company of Veeder-Root and Red Jacket companies, and became Gilbarco Veeder-Root. Although the company spent its formative years in Springfield, Massachusetts as well as
West Springfield, Massachusetts West Springfield is a city in Hampden County, Massachusetts, United States. It is part of the Springfield, Massachusetts Metropolitan Statistical Area. The population was 28,835 at the 2020 United States Census. The city is also known as "West ...
, being the largest employer in the latter by the 1960s, in 1965 it moved all of its offices and manufacturing to North Carolina, citing labor and material costs. In 1984, Gilbarco launched one of the first examples in the US, and at the time, most successful instances of lean manufacturing called CRISP: Continuous Rapid Improvement System of Production. As a result, in 1994 Gilbarco's United States manufacturing plant in Greensboro, North Carolina was designated by ''Industry Week'' magazine as one of the United States' Ten Best Plants. After Gilbarco was acquired by Danaher, the Gilbarco CRISP system was extended and adopted company wide and ultimately evolved into what is today known as the Danaher Business System. In 2002, the Gilbarco and Veeder-Root companies combined into one marketing brand. In May 2008, the company launched the website AskAboutPCI.com, as a reference for
convenience store A convenience store, convenience shop, bakkal, bodega, corner store, corner shop, superette or mini-mart is a small retail store that stocks a range of everyday items such as convenience food, groceries, beverages, tobacco products, lotter ...
retailers to learn more about the
Payment Card Industry The payment card industry (PCI) denotes the debit, credit, prepaid, e-purse, ATM, and POS cards and associated businesses. Overview The payment card industry consists of all the organizations which store, process and transmit cardholder dat ...
(PCI) rules, regulations, and deadlines. In November 2009, Larsen and Toubro (L&T) sold its petroleum dispensing pump (PDP) business to Gilbarco Veeder-Root, a US-based fuel control service provider, for around Rs 150 crore. Gilbarco said it acquired the business as part of a plan to increase its presence in the local metering business. Gilbarco Veeder-Root was featured on the June 14, 2008, episode of the television show '' John Ratzenberger's Made in America''. Danaher spun off several subsidiaries, including Gilbarco Veeder-Root, in 2016 to create Fortive. In 2018, Gilbarco Veeder-Root announced acquisition of Midco Limited, an Indian
fuel dispenser A gasoline pump or fuel dispenser is a machine at a filling station that is used to pump gasoline (petrol), diesel, or other types of liquid fuel into vehicles. Gasoline pumps are also known as bowsers or petrol bowsers (in Australia and Sou ...
manufacturer based out of
Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
. Midco has a production unit in Vatva, Gujarat with installed capacity of 50,000 nozzle pumps per annum. In May 2019, Gilbarco Veeder-Root announced that after extensive testing of Passport version 11.04B, CITGO Petroleum Corporation released EMV acceptance software for retailers at the forecourt. Along with EMV, Version 11.04B brings Passport EDGE to the CITGO network and is now available to CITGO branded sites with Gilbarco Veeder-Root dispensers. Passport EDGE is Gilbarco’s new tablet-based POS system for small businesses, available as a low cost subscription, and EMV-ready indoor and outdoor acceptance. On August 31, 2022, Vontier announced its acquisition of Invenco, which would become part of Gilbarco Veeder-Root. Nearly a year later, Gilbarco Veeder-Root Retail Solutions announced it would change its name to Invenco by GVR, with Passport, Orpak, Insite 360 and DOMS part of the brand.


Products

* Veeder-Root supplies automatic tank gauging and fuel management systems, including the Red Jacket brand of submersible pumps and pressurized line leak detectors. A subsidiary, ANGI Energy Systems, develops and produces compressed natural gas (CNG) systems. Veeder-Root is headquartered in
Simsbury, Connecticut Simsbury is a town in Hartford County, Connecticut, United States, incorporated as Connecticut's 21st town in May 1670. The town is part of the Capitol Planning Region. The population was 24,517 in the 2020 census. History Early history At ...
. * Gasboy International is a manufacturer and marketer of commercial electronic and mechanical petroleum dispensing systems, fleet management systems, and transfer pumps, primarily for non-retail petroleum applications. Gasboy also offers a complementary line of automated fueling systems that provide 24-hour unattended fueling capabilities to fleets and retail marketers. Gasboy is headquartered in Greensboro, North Carolina.


See also

* Coulomb Technologies *
National Association of Convenience Stores The National Association of Convenience Stores (NACS) is a trade association representing the convenience and fuel retailing industry. Founded in 1961, NACS has thousands of member companies, primarily in the United States but also in about 50 ot ...


References


External links

*
eXtremely Secure, CSP Magazine, May 2009

Sheetz Awards PCI Upgrade to Gilbarco Veeder-Root, CSP.net, March 2009

Gilbarco Passport enhancements facilitate compliance and faster execution of growth features, NPNweb.com, May 2009

Gilbarco Launches AskAboutPCI.com Interactive Payment Security Website, May 2008

Bite the Bullet, By: Jerry Soverinsky, NACS Magazine, April 2009

The PCI ABCs By: Jerry Soverinksy, NACS Magazine, September 2008

Repair of Gilbarco products
{{Fortive Point of sale companies Manufacturing companies established in 1870 General Electric Company Companies based in Greensboro, North Carolina Manufacturing companies based in North Carolina Manufacturing companies based in Springfield, Massachusetts 1870 establishments in North Carolina American companies established in 1870