Gilbarco Veeder-Root acquires India’s Midco

Gilbarco Veeder-Root has signed a definitive agreement to acquire the assets of fuel dispenser manufacturer Midco Limited.

Headquartered in Mumbai, India, Midco designs and manufactures fuel dispensers and related fueling station equipment. Midco will integrate with GVR’s India operations, led by the current GVR Managing Director for India, Vivek Bhide.

The acquisition signals Gilbarco’s commitment to expanding its footprint in this key market. “India is a very important market for us as it continues to grow, deregulate and adopt technology to improve efficiency and protect the environment,” said Aaron Saak, President of Gilbarco Inc.

Midco will become part of GVR’s India operations post-closing. Closing is expected to require approximately 3 months due to statutory requirements.

“This large installed base of equipment, combined with the remote monitoring and software capabilities, through the recent acquisition of Orpak, puts us in a good position to drive network visibility, digitization and operational efficiency across the fueling sector,” added Saak.

Gilbarco Veeder-Root is one of the worldwide technology leaders for retail and commercial fueling operations.