The new acquisition made by Wayne will help to expand the company’s fuel management services.
Global provider of fuel dispensing, payment, automation and control technologies for retail and fuel stations, Wayne Fueling Systems, has reached an agreement to acquire Simmons Sirvey, provider of real-time Fuel Management Services (FMS) and traditional Statistical Inventory Reconciliation (SIR) in the retail fueling industry.
Through this agreement, Wayne will acquire all of Simmons’ products and technology solutions including the ClearView software which provides real-time fuel monitoring and analytics for fueling station owners; Simmons SIR, an established SIR that meets the U.S. Environmental Protection Agency (EPA) requirements for fuel reconciliation; an Underwriters Laboratory (UL) certified wet-stock measurement probe and other hardware components that are used in the tank monitoring and FMS process.
“We are excited to reach this agreement with Simmons,” said Wayne CEO Neil Thomas. “Coupled with our recently announced Vianet Fuel Solutions acquisition which also provides fuel management services, Simmons will help complete Wayne’s vision of providing a comprehensive fuel management solution to our customers around the world.”
“We’re pleased to divest our products and services to a company with such a robust history of retail fuel innovation,” said Myra Canterbury, Simmons president. “We’re confident that the technologies developed by Simmons will fit well into Wayne’s portfolio and will have a very strong future.”
The closure of the acquisition is anticipated to occur in first quarter of 2016.