The determination to maintain the individual Wayne brand came after researching the existing equity of the Wayne name and the value it holds for fuel retailers worldwide. GE and Dresser Wayne worked with an international brand research firm and [image-nocss] concluded that maintaining the Wayne name was critical to preserve the strong brand and the equity it has built since the 1800s.
As part of GE Energy, Wayne will continue to leverage its strong reputation and legacy of 120 years in the retail and fleet fueling industry.
"The decision by GE Energy to retain the Wayne name is a testament to the company's solid reputation and its long-standing position as one of the world's leading innovators in the retail petroleum industry," said Neil Thomas, global president of Wayne. "Almost since the birth of the service-station industry, the Wayne name has stood behind countless new innovations and technologies that have literally shaped the face of the modern fuel station. The Wayne name is highly regarded by customers in more than 145 countries, and I am extremely pleased that GE has recognized that value of the Wayne brand."
The Wayne brand has been a constant in the industry since the company introduced the first oil pump in 1891. Since then, Wayne has been responsible for many industry innovations such as the mechanical computing dispenser, the blending pump, the electronic dispenser and the technology that enables pay-at-the-pump self-service. Different mergers and acquisitions have changed the ownership of Wayne over its history, but the Wayne name has remained consistent in the industry and for its customer base.
GE, Schenectady, N.Y., is an advanced technology, services and finance company taking on the world's toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.
Austin, Texas-based Wayne is a component of GE's 2011 acquisition of Dresser Inc. and is a global leader in the design, manufacture and servicing of fueling forecourt solutions where reliability and uptime are critical. Dispensers, payment platforms, control systems and technology from Wayne play an essential role in traditional and alternative fueling sites around the world. Wayne is ISO14001 certified.
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