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Dresser Wayne Now Operates as “Wayne” as Part of GE Energy
AUSTIN, TEXAS—June 16, 2011—GE (NYSE: GE) today announced that Dresser Wayne, global innovator of fuel dispensers and technologies, will now operate under the brand name Wayne™. The company will go to market as Wayne with the tagline, “A GE Energy Business.” GE acquired Dresser, Inc., including its Dresser Wayne business segment, in February 2011.
The determination to maintain the individual Wayne brand came after researching the existing equity of the Wayne name and the value it holds for fuel retailers worldwide. GE and Dresser Wayne worked with an international brand research firm and concluded that maintaining the Wayne name was critical to preserve the strong brand and the equity it has built since the 1800s. As part of GE Energy, Wayne will continue to leverage its strong reputation and legacy of 120 years in the retail and fleet fueling industry.
“The decision by GE Energy to retain the Wayne name is a testament to the company’s solid reputation and its long-standing position as one of the world’s leading innovators in the retail petroleum industry,” said Neil Thomas, global president of Wayne. “Almost since the birth of the service-station industry, the Wayne name has stood behind countless new innovations and technologies that have literally shaped the face of the modern fuel station. The Wayne name is highly regarded by customers in more than 145 countries, and I am extremely pleased that GE has recognized that value of the Wayne brand.”
The Wayne brand has been a constant in the industry since the company introduced the first oil pump in 1891. Since then, Wayne has been responsible for many industry innovations such as the mechanical computing dispenser, the blending pump, the electronic dispenser and the technology that enables pay-at-the-pump self-service. Different mergers and acquisitions have changed the ownership of Wayne over its history, but the Wayne name has remained consistent in the industry and for its customer base.
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. Headquartered in Austin, Texas, Wayne also has major design and assembly operations in Sweden, Brazil and China. www.wayne.com
6/16/2011 8:00:00 AM