Gilbarco Veeder-Root acquires Fafnir GmbH

Gilbarco Veeder-Root has acquired Fafnir GmbH, based in Hamburg, Germany.  Fafnir specializes in the development and production of sensors and systems for monitoring and measuring liquid levels and vapor flow.  The company offers a broad range of tank gauging and vapor monitoring technology for fueling operators, as well as sensing products for the process industry.

Fafnir’s commitment to the industry over the last forty years has resulted in a large installed base of sites that spans multi-national, regional, and independent oil companies in Europe, the Middle East and Africa, Asia, and beyond.  Fafnir enjoys strong brand recognition and an excellent reputation for customer focus, quality, and innovation.

“Fafnir’s leading technology and strong brand along with its innovative team of employees in Hamburg will broaden Gilbarco Veeder-Root’s tank gauge and vapor recovery offering for our retail and commercial fueling customers,” said Peter Dilnot, president, Gilbarco Veeder-Root EMEA & Asia.   “Fafnir’s product portfolio, coupled with Gilbarco’s strong distribution and service network, will be of great value to our customers.”

Fafnir’s prior owner, Dieter Sager, commented, “We are pleased to welcome Gilbarco as a partner that will enhance the outstanding success Fafnir has enjoyed since the company’s beginning over forty years ago.  We are excited about joining our two businesses together.”

Fafnir will retain its product brands and will continue to operate out of its Hamburg, Germany location as a division of Gilbarco Veeder-Root.  Rolf Schaal and René Albrecht will continue as Managing Directors of Fafnir.