RALEIGH, N.C., Oct. 3, 2022 /PRNewswire/ — Vontier Corporation (“Vontier”) introduced right now that it accomplished its beforehand introduced acquisition of Invenco, a number one world supplier of open platform retailing and fee {hardware} and software program options. Invenco will operate as half of Gilbarco Veeder-Root (GVR), an working firm throughout the Mobility Technologies platform, to assist broaden their software-enabled workflow options and subscription business mannequin.
As one of the main suppliers of retailing and fee options to the comfort retail business worldwide, Invenco’s progressive, fashionable, and extremely safe options are properly positioned to allow retailers to unravel for dynamic wants and innovate for various power futures, digital funds, and shopper companies.
This acquisition accelerates our digital technique and higher positions us to serve our prospects’ rising demand for safe, digitally agile software program programs,” said Mark Morelli, Vontier’s chief executive officer. At the same time, it also delivers on our goal to move up the technology stack, expand our recurring revenue base, and accelerate growth in high-growth markets.”
“We are excited to welcome Invenco to the Vontier family,” stated Aaron Saak, President, Gilbarco Veeder-Root. “Invenco immediately enhances GVR’s retail and payment solutions capabilities to deliver on both existing and key emerging market trends. Invenco’s secure, cloud-based open architecture software platform allows fast, low-cost integration while improving customers’ digital agility. Combining Invenco’s disruptive technology platforms with our strong direct channel presence creates a compelling market-leading position to deliver innovative products and solutions for our customers.”
Invenco has made important investments to speed up its transformation from {hardware} to software program aligning with Vontier’s evolution to an industrial know-how firm with software program enabled workflows. Vontier stays on the forefront of fixing next-generation mobility and transportation challenges. With Invenco’s forward-looking know-how Vontier will proceed delivering sensible, sustainable options for its stakeholders, prospects and customers world-wide.
About Vontier
Vontier is a worldwide industrial know-how firm on the forefront of fixing next-gen mobility and transportation challenges. Guided by the Vontier Business System and an unwavering dedication to our prospects, Vontier delivers sensible, sustainable options to create a greater world.
About Gilbarco Veeder-Root
Gilbarco Veeder-Root is the worldwide know-how chief for retail and business fueling operations, providing the broadest vary of built-in options from the forecourt to the comfort retailer and head workplace. For over 150 years, Gilbarco has earned the belief of its prospects by offering long-term partnership, uncompromising help, and confirmed reliability. Major product traces embrace gas dispensers, pump media, point-of-sale programs, fee programs, tank gauges and fleet administration programs.
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SOURCE Gilbarco Veeder-Root
