The American Dover corporation has made its third acquisition in the fuel retail sector in a month with the purchase by its subsidiary OPW of Tokheim ProGauge.
ProGauge provides automatic tank gauge solutions, including a variety of tank probes, consoles, and related software and calibration services for service stations to measure and monitor fuel tank levels.
David Crouse, president of OPW, said: “The addition of ProGauge augments OPW’s product offerings with an extended family of automatic tank gauge solutions, including wireless mag probes, tank truck mag gauges, 3D laser tank calibration and fuel quality sensors. With this acquisition, we are looking forward to offering our customers even more options to support their commercial and retail fueling needs.”
Stefano Scatena, general manager of ProGauge, said: “ProGauge is thrilled to join the OPW team. This move will allow us to introduce our world-class products into new markets and regions as part of the overall OPW suite of fueling solutions.”
Last week Dover purchased Wayne Fueling Systems for $780m, and last month OPW took over wetstock management specialist Fairbanks. Earlier this year it also acquired the dispenser and systems divisions of Tokheim.