Tokheim and Fairbanks announce fuel pricing and wetstock solutions partnership

Collaboration with FuelsPricing.com will deepen integration between respective software packages

Paris, France – January 24, 2014 – Tokheim, a leading supplier of fuel retail solutions, and Fairbanks, a global provider of wetstock management solutions, have entered into a partnership with Inform Information Systems Ltd. (IIS), a global provider of fuels pricing software solutions. The collaboration is intended to deepen integration between the respective software packages, leverage the collective experience of delivering solutions on a global scale to a changing fuels marketplace and provide world-class value to fuel retail customers.

Tokheim aims to be able to offer customers a complete fuel retailing solution and smart fuels pricing aligned with wetstock management is a key component of that vision. Fairbanks and IIS are currently working together to provide their services to a number of the Top 10 fuel retailers in the UK. These service stations are already experiencing tangible benefits by improving their margins and controlling their wetstock performance.

Baudouin de la Tour, CEO of Tokheim, says, “The synergies between Fairbanks and IIS are clear and I think the combination of the experience, knowledge and solutions can produce what customers need to compete in a changing market place. This partnership can help us deliver our vision for clients.”

Mark Scanlon, Managing Director of IIS, says, “Some years ago we built a large bespoke wetstock solution for one of our global multinational customers servicing countries across all continents, so we understand the complexity of this area. Following an in-depth review of the Fairbanks service I recognise that it represents the best in class wetstock management solution delivering rapid return on investment.  I believe the partnership will be beneficial to all of our customers and look forward to working more closely to build on the current success.”

Bob Conlin, Joint Managing Director of Fairbanks, added “We have seen the positive reaction of customers to the IIS FuelsPricing.com product and we believe integrating its capability with the real-time data that Fairbanks collects, along with market data will give fuel retailers the information they need to manage their business. Both IIS and Fairbanks have 20 years or more experience in their respective fields and already I can see benefit to the partnership.”

tokheim

About Tokheim

Tokheim Group S.A.S., based in Paris, France, is one of the world’s leading manufacturers and service providers of fuel dispensing and automation equipment. Tokheim is active in four business segments, fuel dispensers; automation and payment solutions; service and project management solutions for retail and commercial sites (ProFleet). With sales and service divisions in 33 countries, and distribution channels in 101 countries around the globe, Tokheim offers customers a complete range of fuel dispensers and pumps, retail automation systems, payment terminals, media devices, replacement parts and upgrade kits, and a full range of support services, including maintenance, service station construction and project management. For more information about Tokheim, go to www.tokheim.com.

Fairbanks

About Fairbanks

Fairbanks Ltd, based in Lancashire, United Kingdom is a global specialist in providing wetstock monitoring and management services to the fuel retail industry. Fairbanks provides services to the majority of independent UK sites as well as major clients such as Tesco, Morrisons, Shell and BP. Today the company has licensees using the Fairbanks system to manage wetstock across Europe, Asia and Australia. More than 10,000 stations in 34 countries benefit from fairbanks solutions. For more information about Fairbanks, go to www.fairbanksglobal.com

Quotation

Along with smartphone and web page input, facilitates the availability of pricing and analytics information throughout the Company. This has resulted in more efficient sharing of information and proactive and competitive pricing.

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