For release at 10am on Tuesday 14th September
Tokheim has announced that it has invested in Fairbanks Environmental Ltd and has signed a partnership agreement to help Fairbanks develop its business globally.
Fairbanks is the UK's leading independent provider of wetstock monitoring & management and on site compliance services to the petrol retail industry. Fairbanks' systems help minimise petroleum losses by detecting leakage, fraud and dispenser meter inaccuracy thereby saving its customers' money and ensuring legal and environmental compliance.
Bob Conlin and Steve Jones, Fairbanks Joint Managing Directors said "we believe that this partnership gives us the best possible opportunity to deliver our services in new markets, through Tokheim's extensive international presence, whilst maintaining our independence and allowing us to keep day to day operational control of the business"
"We are very happy to team up with Fairbanks, believing that our new relationship will accelerate the growth of Fairbanks, whilst giving Tokheim opportunities to provide additional added value services through its network of service businesses," said Patrick Berthon, Tokheim President.
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. With operations in many 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 service station construction and maintenance.
For more information, visit www.tokheim.com
Fairbanks Environmental was founded in 1996 with the aim of providing the petrol forecourt industry with a cost effective solution for remote wetstock management and control. The business established a market leading position in the identification of underground leaks and over dispensing pumps which have led to many millions of pounds being saved by its customers each year. In addition to its UK success Fairbanks has key contracts in Australia and mainland Europe using its ibank real-time data analysis system.
Fairbanks is also a leading contractor for on-site compliance services in the petrol industry. Most notably as approved verifiers of fuel dispensers and in delivering Risk Assessment and hazardous area reporting.