Gilbarco Veeder-Root

Gilbarco Inc., doing business as Gilbarco Veeder-Root,[1] is a supplier of fuel dispensers, point of sale systems, payment systems, forecourt merchandising [2] and support services.[3] The company operates as a subsidiary of Fortive and its headquarters are located in Greensboro, North Carolina, United States. It employs approximately 4,000 people around the world, with sales, manufacturing, research, development, and service locations in North and South America, Europe, Asia, the Pacific Rim, Australia, the Middle East and Africa.

Gilbarco Inc.
Subsidiary of Fortive
IndustryManufacturing
Founded1870
HeadquartersGreensboro, North Carolina
Key people
Aaron Saak, President
ProductsFuel Dispensers
Automatic Tank Gauging
Point of Sale Systems
Revenue$250 million USD (2015)
Number of employees
~4,000 (2015)
ParentFortive
Websitehttp://www.gilbarco.com

Regional offices are located throughout the US and Canada, and in the United Kingdom, Italy, France, Germany, The Netherlands, United Arab Emirates, Morocco, Egypt, South Africa, Malaysia, Thailand, China, Korea, Australia, New Zealand, India, Brazil and Argentina.

The company's manufacturing and development facilities are located in Greensboro, and in Simsbury, Connecticut, Altoona, Pennsylvania, Lakewood, Colorado and Davenport, Iowa. International manufacturing and development locations include the United Kingdom, Italy, Germany, India, China and Brazil.

History

The company was founded under the name Gilbert & Barker in 1870 by Charles Gilbert and John Barker. The company was renamed as Gilbarco in 1929. For nearly one hundred years Gilbarco was an affiliate of what is today the Exxon Mobil Corporation until it was later acquired by the British engineering company GEC in 1987. Among Gilbarco's first products was a simple oil burning lamp, which was given away in China and other places to increase the purchase of lamp oil. That lamp was so popular within the Exxon culture that it was the inspiration for the name of Exxon's in house magazine "The Lamp" until that publication was discontinued in recent years. In 1999 GEC renamed itself to Marconi and Gilbarco became Marconi Commerce Systems.[4] In 2002 Gilbarco was acquired by the Danaher Corporation, parent company of Veeder-Root and Red Jacket companies, and became Gilbarco Veeder-Root.[5]

In 1984 Gilbarco launched one of America's first and, at the time, most successful instances of lean manufacturing which was called CRISP, an acronym for Continuous Rapid Improvement System of Production. As a result, in 1994 Gilbarco's United States manufacturing plant in Greensboro North Carolina was designated by Industry Week Magazine as One of America's Ten Best Plants. After Gilbarco was acquired by Danaher, the Gilbarco CRISP system was extended and adopted company wide and ultimately evolved into what is today known as the Danaher Production System.

In 2002, the Gilbarco and Veeder-Root companies combined into one marketing brand.

In May 2008, the company launched the website AskAboutPCI.com, as a reference for convenience store retailers to learn more about the Payment Card Industry (PCI) rules, regulations, and deadlines.[6]

Gilbarco Veeder-Root was featured on the June 14, 2008, episode of the television show John Ratzenberger's Made in America.[7] Danaher spun off several subsidiaries, including Gilbarco Veeder-Root, in 2016 to create Fortive.[8]

In May of 2019, Gilbarco Veeder-Root announced that after extensive testing of Passport® version 11.04B, CITGO Petroleum Corporation officially released EMV acceptance software for retailers at the forecourt. Along with EMV, Version 11.04B brings Passport EDGE to the CITGO network and is now available to CITGO branded sites with Gilbarco Veeder-Root dispensers. Passport EDGE is Gilbarco’s new tablet-based POS system which is streamlined for small businesses, available as a low cost subscription, and EMV-ready indoor and outdoor acceptance.

Products
  • Veeder-Root supplies automatic tank gauging and fuel management systems, including the Red Jacket brand of submersible pumps and pressurized line leak detectors. Veeder-Root is headquartered in Simsbury, Connecticut.
  • Gasboy International is a manufacturer and marketer of commercial electronic and mechanical petroleum dispensing systems, fleet management systems, and transfer pumps, primarily for non-retail petroleum applications. Gasboy also offers a complementary line of automated fueling systems that provide 24-hour unattended fueling capabilities to fleets and retail marketers. Gasboy is headquartered in Greensboro, North Carolina.

See also

References
  1. "Gilbarco Inc.: Private Company Information". Bloomberg.com. Retrieved 2018-09-21.
  2. Pumping Up In-Store Sales, C-Store Decisions, February 2009
  3. NACStech Show Floor Report, CSPnet.com, May 2009
  4. "Gilbarco Company Overview". Bloomberg Businessweek. Retrieved 30 May 2013.
  5. "Gilbarco rides again. (Dateline).(Danaher Corp. acquires Marconi Commerce Systems Inc.(formerly Gilbarco Inc.))". HighBeam. Archived from the original on 5 November 2013. Retrieved 30 May 2013.
  6. Gilbarco Launches AskAboutPCI.com, Convenience Store Decisions, May 2008
  7. John Ratzenberger's Made In America
  8. Zacks Equity Research. "Danaher Completes Fortive Spin-Off, Trading to Begin Today". Yahoo Finance. Retrieved 5 July 2016.
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