Gilbarco (which does business as Gilbarco Veeder-Root) supplies gas stations with retail point-of-sale (POS) computer systems, including gas pumps, tank monitoring, and credit card processing equipment from manufacturing plants located in the US. It sells through a network of distributors and affiliates worldwide. Customers include convenience stores, fuel retailers, truck fleet operators, car rental companies, and local governments. The company is also a leading rebuilder of fuel dispensing equipment. Gilbarco is a subsidiary of Danaher, which owns related businesses fuel management systems maker Veeder-Root and petroleum dispensing system vendor Gasboy.
Other companies in the Gilbarco family include Red Jacket, which manufactures pumps that control the flow of petroleum to a vehicle's gas tank, and DOMS, which manufactures controllers for gas pumps and drive-through car washers. Subsidiaries outside the US include Finland's Autotank and New Zealand-based Postec. Autotank provides outdoor payment systems for fuel retailers in Scandinavia and Eastern Europe while Postec offers software and hardware that lets fuel retailers automate and manage their sites and networks.
In addition to fuel pumps and dispensers, Gilbarco sells retail-focused products such as its Passport POS (which includes pay-at-the-pump systems and integrated color screens for advertising), as well as self-service kiosks and kitchen management systems for customers with food service operations.
Gilbarco markets its products worldwide. It has manufacturing, research, and development facilities in Argentina, Australia, Brazil, China, Germany, Italy, the UK, and the US.
Gilbarco partnered with Israeli software provider Odysii in 2013 to launch Impulse upselling software that works with the company’s POS systems.
Mergers and Acquisitions
The company boosted its presence in Brazil in 2011 with the acquisition of São Paolo-based Stratema Indústria E Comércio Ltda. The deal gave it better access to oil producers and retailers in the region. Stratema manufactures fuel dispensers and provides maintenance services for the retail petroleum industry and commercial fueling operators. The previous year Gilbarco acquired the petroleum dispensing pump business of Mumbai-based Larsen & Toubro, boosting its presence in India.
The company traces its roots back to 1870 when it was originally formed as Gilbert & Barker before being renamed Gilbarco in 1929. GEC (which later became Marconi, and then telent) acquired the company in 1987, and sold it to Danaher in 2002.