Gilbarco Veeder-Root has agreed with TSG, the European leader in technical services for mobility solutions, to proceed towards the potential divestment of Gilbarco Veeder-Root’s service business across eight European countries for the continued benefit of their customers.
Currently, Gilbarco Veeder-Root is the only original equipment manufacturer in Europe with an in-house service team. TSG maintains all types of energy distribution infrastructures for mobility: fuel/biofuel service stations, electric vehicles charging network, LPG/LNG, and hydrogen. This strategic project for maintenance services aligns with Gilbarco Veeder-Root’s goal to optimize its business portfolio and focus on its core competencies.
“Gilbarco Veeder-Root sees significant benefits from this potential transaction with strengthening our existing relationship with TSG,” said Dave Coombe, President, Gilbarco Veeder-Root. “Implementation of the agreement would increase TSG’s position in these countries and enhance Gilbarco Veeder-Root’s relationship with a leading partner to support our customers across Europe and Africa.”
“We see significant opportunities in this potential partnership which would enable us to expand our presence and operational capacity, particularly in Northern Europe. Through our premium maintenance services, we aim to enhance our operational reach and further develop our position across the European market,” commented Jean-Marc Bianchi, CEO of TSG.
The eight countries included in this project are the United Kingdom, Denmark, Finland, Norway, Sweden, Estonia, Latvia and Lithuania. Should the discussions lead to the divestiture of the service business, Gilbarco Veeder-Root will leverage TSG’s extensive experience and market presence in these regions to ensure a seamless transition and continued high-quality service for Gilbarco Veeder-Root’s customers.
