GREENSBORO, N.C. USA / SAO PAULO, BRAZIL – July 12, 2011 – Gilbarco Inc. of Greensboro, N.C. announced today that it has signed and closed a definitive purchase agreement to acquire Stratema Indústria E Comércio Ltda. of Guarulhos, São Paulo, Brazil.
Stratema is a manufacturer of fuel dispensers and a provider of maintenance services for the retail petroleum industry and commercial fueling operations in Brazil. Stratema’s customers include large regional oil companies, local oil companies and independent retailers.
“Since its entrance into the pump market six years ago, Stratema has developed an excellent reputation for customer focus, innovation and quality,” said Peter Dilnot, Group President Emerging Markets for Gilbarco Veeder-Root. “The acquisition of Stratema’s innovative dispenser range, strong service capabilities, and deep market knowledge significantly enhances Gilbarco Veeder-Root’s business in Brazil. We are looking forward to working with Stratema’s highly experienced team to deliver outstanding value to retailers and commercial operators throughout this important market.”
“Gilbarco Veeder-Root’s global development capability, resources, and product range will enrich the relationships we have with our customers,” said Joe Walton, President, Stratema. “We look forward to offering our customers the best options and solutions to improve their profitability.”
Stratema will continue to operate from its existing facilities in Sao Paolo. The current Stratema management team will play an important role in the leadership of the combined Stratema and Gilbarco Veeder-Root business in Brazil.
About Gilbarco Veeder-Root
Gilbarco Veeder-Root is the leading global supplier of integrated fuel control, site management, and support services for petroleum marketers and commercial fueling enterprises. Products include dispensers, payment systems, tank gauges, submersible pumps, point of sale systems, and remote monitoring of site functionality. The Gilbarco Veeder-Root group of companies employs approximately 4,000 associates and is headquartered in Greensboro, NC, USA with manufacturing and research and development centers around the world. For more information visit www.gilbarco.com.
For further information contact:
Lucy Sackett, Director Outbound Marketing
Tel: (336) 547-5607
Fax: (336) 547-5890