Dover Buying Tokheim’s Dispenser Business

Dispenser, systems businesses to become part of OPW

DOWNERS GROVE, Ill. --Dover Corp. will acquire the fuel dispenser and systems businesses of Tokheim Group S.A.S. in a $465 million deal expected to close in early 2016.

Dover Corp. acquires Tokheim fuel dispenser business

After the deal, Downers Grove, Ill.-based Dover plans to fold the dispenser and systems businesses into its OPW business unit.

Tokheim is not selling its sales and service divisions; instead, they will become part of a standalone company.

Paris, France-based Tokheim is a manufacturer of fuel dispensers, retail automation systems and payment systems. It has manufacturing operations in Europe, China, India and Brazil. Its dispenser and systems businesses have estimated 2015 annual revenue of $310 million.

With the acquisition, Hamilton, Ohio-based OPW will present a full “station-in-a-box” retail fueling offer. Its current retail fueling equipment lineup includes gasoline dispensers, compressed and liquefied natural gas nozzles, Stage II Vapor Recovery equipment and electronic tank gauge systems.

“We are excited about the acquisition of Tokheim’s dispenser and systems businesses,” said Robert A. Livingston, president and CEO of Dover. “The acquired technology fits perfectly with OPW’s strong suite of products and systems, and Tokheim’s strong presence in Europe, Africa and Asia complements OPW’s global presence. Together, the combined business will offer unparalleled solutions for the growing retail fueling market.”

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