Petrotec buys Wayne
09 January, 2017
Petrotec Group has been revealed as the buyer of Wayne Fueling Systems' UK distribution business, a deal that was forced on the company by the UK's Competition and Markets Authority (CMA). The Wayne UK acquisition will enlarge Petrotec's presence in the UK by combining its activities with those already carried out directly by Petrotec, which was established in the UK in 2013.
Nuno Cabral, Petrotec group chief executive officer, said: "Wayne UK features premium services across the UK and Ireland. While our two companies operate in many of the same channels in the UK and Ireland, this acquisition provides exciting growth opportunities and support to Petrotec technologies."