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Gilbarco Veeder-Root

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Gilbarco Veeder-Root

Gilbarco Inc., doing business as Gilbarco Veeder-Root, is a supplier of fuel dispensers, point of sales systems, payment systems, forecourt merchandising and support services. The company operates as a subsidiary of Vontier and its headquarters are in Greensboro, North Carolina, United States. It employs approximately 4,000 people worldwide, with sales, manufacturing, research, development, and service locations in North and South America, Europe, Asia, the Pacific Rim, Australia, the Middle East and Africa.[citation needed]

Regional offices are located throughout the US and Canada, and in the United Kingdom, Italy, Germany, the Netherlands, United Arab Emirates, Morocco, Egypt, South Africa, Malaysia, Thailand, China, Korea, Australia, New Zealand, India, Brazil and Argentina.[citation needed]

The company's manufacturing and development facilities are located in Greensboro, and in Simsbury, Connecticut, Altoona, Pennsylvania, Lakewood, Colorado, Tipp City, Ohio and Davenport, Iowa. International research and development locations include the US, New Zealand, and India.

Gilbarco and Dover Corporation are considered to be duopoly in fuel dispenser in Western countries. Since 1865, Gilbarco has manufactured the world's leading fueling and convenience store equipment and technology. Gilbarco Veeder-Root Retail Solutions, a worldwide retail and payment technology leader, is rebranded as Invenco by GVR.

The company was founded under the name Gilbert & Barker in 1870 by Charles Gilbert and John Barker in Springfield, Massachusetts, and by 1911 had introduced the first measuring gasoline pump. The company was renamed as Gilbarco in 1929.[citation needed] For nearly 100 years Gilbarco was an affiliate of what is today the Exxon Mobil Corporation until it was later acquired by the British engineering company GEC in 1987. Among Gilbarco's first products was a simple oil burning lamp, which was given away in China and other places to increase the purchase of lamp oil.[citation needed] That lamp was so popular within the Exxon culture that it was the inspiration for the name of Exxon's in house magazine "The Lamp" until that publication was discontinued in recent years. In 1999 GEC renamed itself to Marconi and Gilbarco became Marconi Commerce Systems. In 2002 Gilbarco was acquired by the Danaher Corporation, parent company of Veeder-Root and Red Jacket companies, and became Gilbarco Veeder-Root.

Although the company spent its formative years in Springfield, Massachusetts as well as West Springfield, Massachusetts, being the largest employer in the latter by the 1960s, in 1965 it moved all of its offices and manufacturing to North Carolina, citing labor and material costs.

In 1984, Gilbarco launched one of the first examples in the US, and at the time, most successful instances of lean manufacturing called CRISP: Continuous Rapid Improvement System of Production.[citation needed] As a result, in 1994 Gilbarco's United States manufacturing plant in Greensboro, North Carolina was designated by Industry Week magazine as one of the United States' Ten Best Plants. After Gilbarco was acquired by Danaher, the Gilbarco CRISP system was extended and adopted company wide and ultimately evolved into what is today known as the Danaher Business System.[citation needed]

In 2002, the Gilbarco and Veeder-Root companies combined into one marketing brand.[citation needed]

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