AUSTIN, Texas — Dover Fueling Solutions (DFS) has entered into a commercial partnership agreement with, and acquired a minority interest in, EdgePetrol Ltd., a provider of fuel pricing software that helps retailers make optimal pricing and procurement decisions.
Based in London and founded in 2015, EdgePetrol offers a software-as-a-service (SaaS) to help retail fuel operators optimize their station performance. The software operates in the Amazon Web Service (AWS) environment and is a complementary platform for DFS, which offers the enabling devices to manage the flow of underlying data.
“We chose DFS as a strategic partner not only because of the alignment in products and SaaS service models, but because of their ability to reach a global market with established and growing customer relationships,” said Gideon Carroll, CEO of Edge Petrol. “The investment enables us to expand our product suite with customer-driven solutions, whilst the commercial agreement will allow fuel station owners around the world the opportunity to use Edge Petrol’s software through DFS’s global network.”
“This innovative fuel management software complements the DFS DX cloud-based solutions and will help our customers improve their business operations and results,” said David Crouse, president of DFS. “This software can also be deployed in other applications, providing DFS with growth opportunities outside of retail fueling, including in renewable energy for transportation and various other retail verticals.”
“The minority investment we’re making in EdgePetrol aligns directly with our goals of both growing our business through strategic partnerships such as these and broadening our solutions and products portfolio and roadmaps. Our commercial agreement enables DFS to market this product globally,” Crouse said.
Dover Fueling Solutions, part of Dover Corp., comprises the product brands of ClearView, Fairbanks, OPW Fuel Management Systems, ProGauge, Tokheim and Wayne Fueling Systems, and it delivers fuel dispensing equipment, electronic systems and payment, automatic tank gauging and wetstock management solutions to customers worldwide. Based in Austin, Texas, DFS has a significant manufacturing presence around the world.