Global convenience retailer Circle K, which has 410 sites across the island of Ireland, has selected wet-stock monitoring technology from Leighton O’Brien for use throughout its retail fuel network.

The global, multi-year agreement sees Circle K initially implement Wetstock Live throughout 2,350 sites across Europe, followed by 5,000 sites across North America and more than 1,000 sites across Canada.

"Adopting Leighton O’Brien’s certified best-practice SaaS solution will enable us to consolidate and enhance our internal wet-stock reconciliation practices and minimise fuel losses," said Stephan Pignatel, senior director finance and supply chain global fuel, at Circle K.

"We anticipate a significant return on investment through cost savings achieved, as well as optimised equipment performance and leak detection to ultimately prolong the life of our fuel system assets."

Leighton O’Brien’s global president of wet stock, Greg Salverson, said: "It’s rewarding to see a growing number of retail fuel networks increasingly adopt a big data approach with actionable insights to reduce fuel losses, costs and risk while increasing margins and equipment uptime."