Gilbarco Veeder-Root
| Company type | Division |
|---|---|
| Industry | Fuel dispensing equipment, point of sale technologies, payment processing solutions |
| Predecessor | Gilbert & Barker |
| Founded | 1870 |
| Headquarters | Greensboro, North Carolina , United States |
Area served | Worldwide (Americas, Europe, Asia-Pacific, Middle East, Africa) |
| Products | Fuel dispensing equipment, POS technologies, payment processing solutions, forecourt merchandising, support services |
Number of employees | 4000 |
| Parent | Vontier |
Gilbarco Inc., operating under the name Gilbarco Veeder-Root, stands as a prominent provider of fuel dispensing equipment, point of sale (POS) technologies, payment processing solutions, forecourt merchandising, and comprehensive support services. With its headquarters situated in Greensboro, North Carolina, the company operates as a division of Vontier and employs approximately 4,000 personnel worldwide. Its commercial footprint includes sales, manufacturing, research and development, and service functions distributed throughout the Americas, Europe, Asia-Pacific, Middle East, and Africa.
The company maintains regional offices across numerous countries including the United States, Canada, United Kingdom, Italy, Germany, Netherlands, UAE, Morocco, Egypt, South Africa, Malaysia, Thailand, China, Korea, Australia, New Zealand, India, Brazil, and Argentina. Production and R&D facilities are established in Greensboro; Simsbury, Connecticut; Altoona, Pennsylvania; Lakewood, Colorado; Tipp City, Ohio; and Davenport, Iowa. Additional international research centers operate in the US, New Zealand, and India.
Together with Dover Corporation, Gilbarco forms a dominant duopoly within Western markets for fuel dispensing equipment.
History
Originating in 1870 as Gilbert & Barker through the efforts of entrepreneurs Charles Gilbert and John Barker in Springfield, Massachusetts, the company pioneered the first gasoline pump capable of measuring fuel volumes by 1911. The firm adopted the Gilbarco name in 1929 and maintained a close association with the entity now known as Exxon Mobil for nearly one hundred years before being acquired by British engineering conglomerate GEC in 1987. Following GEC’s rebranding to Marconi plc in 1999, Gilbarco was renamed Marconi Commerce Systems.
In 2002, Danaher Corporation purchased Gilbarco and consolidated it with its existing Veeder-Root and Red Jacket subsidiaries to establish Gilbarco Veeder-Root. This merger broadened both its product range and international market presence.
The company centralized all operations in North Carolina by 1965 to capitalize on favorable labor and material costs. In 1984 Gilbarco introduced its CRISP system (Continuous Rapid Improvement System of Production), a lean manufacturing approach that earned it recognition as one of the United States’ Ten Best Plants by Industry Week in 1994. Post-acquisition by Danaher, CRISP evolved into what became known as the Danaher Business System.
Further expansion occurred through targeted acquisitions: in 2009 Gilbarco acquired Larsen & Toubro’s petroleum dispensing pump division to strengthen its position in India’s metering sector; then in 2018 it purchased Midco Limited from Mumbai which has an annual output capacity of 50,000 nozzle pumps.
In May 2019 Gilbarco introduced Passport EDGE—a tablet-based POS platform equipped with EMV-compliant payment capabilities—aimed at small enterprises operating CITGO-branded forecourts.
On August 31, 2022, Vontier finalized its acquisition of Invenco and integrated it into Gilbarco Veeder-Root. Subsequently in July 2023, Gilbarco Veeder-Root Retail Solutions underwent rebranding as Invenco by GVR to consolidate Passport, Orpak, Insite 360 and DOMS under a unified brand identity.
These strategic initiatives underscore Gilbarco’s dedication to innovation and advancement within the global fuel dispensing and retail technology sectors.
Products
- Veeder-Root specializes in automatic tank monitoring and fuel management technologies including Red Jacket submersible pumps and pressurized line leak detection systems. Its affiliate ANGI Energy Systems focuses on compressed natural gas (CNG) solutions. Veeder-Root’s headquarters are located in Simsbury, Connecticut.
- Gasboy International designs and supplies commercial electronic and mechanical petroleum dispensers alongside fleet management solutions and transfer pumps tailored for non-retail petroleum applications. It also delivers automated fueling systems that facilitate round-the-clock unattended fueling for fleet operators and retail marketers. Gasboy is headquartered in Greensboro, North Carolina.
See also
External links
- eXtremely Secure, CSP Magazine, May 2009
- Sheetz Grants PCI Upgrade Contract to Gilbarco Veeder-Root, CSP.net, March 2009
- Enhancements to Gilbarco Passport Support Compliance and Accelerate Growth Feature Implementation, NPNweb.com, May 2009
- Introduction of AskAboutPCI.com: Gilbarco's Interactive Payment Security Portal, May 2008
- Bite the Bullet, Jerry Soverinsky, NACS Magazine, April 2009
- The PCI ABCs by Jerry Soverinsky, NACS Magazine, September 2008
- Gilbarco Product Repair Services
- 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
- Companies of the United States by year of establishment