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Wayne Fueling Systems Expands Fuel Management Services by Reaching Agreement to Acquire Simmons Sirvey
- Wayne to acquire Simmons Sirvey, a business focused on Fuel Management Services and Statistical Inventory Reconciliation.
- Along with the recently announced Vianet acquisition, Simmons will further help Wayne achieve it’s strategic goal of becoming a global leader in Fuel Management Services to the retail fuel industry.
- The transaction is expected to be completed in the first quarter of 2016.
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 to acquire Simmons Sirvey (“Simmons”), one of the largest providers of real-time Fuel Management Services (FMS) and traditional Statistical Inventory Reconciliation (SIR) in the retail fueling industry.
Through this agreement, Wayne will acquire all of Simmons’ products and technology solutions including the ClearView™ software which provides real-time fuel monitoring and analytics for fueling station owners; Simmons SIR, an established SIR that meets the U.S. Environmental Protection Agency (EPA) requirements for fuel reconciliation; an Underwriters Laboratory (UL) certified wet-stock measurement probe; and other hardware components that are used in the tank monitoring and FMS process.
"We are excited to reach this agreement with Simmons,” noted Wayne Chief Executive Officer, Neil Thomas. “Coupled with our recently announced Vianet Fuel Solutions acquisition which also provides fuel management services, Simmons will help complete Wayne’s vision of providing a comprehensive fuel management solution to our customers around the world.”
“We’re pleased to divest our products and services to a company with such a robust history of retail fuel innovation,” noted Myra Canterbury, Simmons President. “We’re confident that the technologies developed by Simmons will fit well into Wayne’s portfolio and will have a very strong future.”
The closure of the acquisition is anticipated to occur in first quarter of 2016.
12/15/2015 8:00:00 AM