Orpak Systems News
6 articles
https://www.petrolplaza.com/news/23683
https://www.petrolplaza.com/news/22281
Orpak Systems Ltd., a Gilbarco Veeder-Root company, has launched Passport X, a complete convenience store and retail fuel station management solution. The platform is designed to help fuel retailers leverage advanced technology to increase sales and customer engagement. Passport X includes customizable POS software, cloud-based Back Office and Head Office solutions, and integrates with card management and loyalty programs. The platform uses hybrid technology to connect fuel station businesses to the cloud, ensuring reliability even with unreliable internet connectivity.
CustomersInvestment
Orpak - Visit the global leader in advanced technology solutions for gas station networks and fleets
The article discusses Orpaks diverse selection of forecourt to cloud site management solutions for fuel retail and fleet sectors. The company offers various products such as Passport 2, ForeSite, ForeFuel, ForeHB, ForeVision, and ForeNet. These solutions aim to maximize revenues, profitability, and customer experience for fuel retailers. The article does not mention any specific partners, customers, valuation amount, acquisition amount, investment amount, layoffs, or management changes. The date of the event described in the article is not provided. The confidence level of the answer is 8.
CustomersPartners
Gilbarco Veeder-Root Acquires Orpak Systems
Gilbarco Veeder-Root has signed a definitive agreement to acquire Orpak Systems Limited, a technology solutions provider for oil companies and commercial fleets. The acquisition will allow Gilbarco Veeder-Root to expand its presence in high growth markets and offer a comprehensive suite of systems for retail and commercial fueling operations. Orpak will become part of Gilbarcos organization, operating as a new division under the Orpak name. The acquisition is expected to accelerate technology advancements and bring valuable expertise to Gilbarco Veeder-Root. The deal is subject to customary closing conditions.
Acquisition
http://www.petrolplaza.com/news/product/MiZlbiYxODQ2MyYmMQ%3D%3D
Orpak Systems is introducing its 4th generation offering for oil companies and fleets, called ForeFuel. This comprehensive solution incorporates nano design technology and offers quick installation, robust system components, and integration with fleet management systems. It conforms to global standards for fuel station environments. ForeFuel includes components such as NanOpass, µDataPass, and Nano Nozzle Reader. The solution is a strong loyalty driver for oil companies and provides better cost control for fleet managers. Orpaks extensive experience in the field has led to the development of this innovative solution.
CustomersPartners
OR Technologies to sell 20% of Orpak for $20m
OR Technologies Ltd. has signed a letter of intent with a private equity fund for the sale of 20% of subsidiary Orpak Systems Ltd. for $20 million. The private equity fund has an option to acquire an additional 5% of Orpak at a valuation of $110 million. Orpak is the main activity of OR Technologies and produces automated systems for fueling and gas stations. If an IPO is not held within four years, the private equity fund can sell back its holding to OR Technologies at the same value.
Investment
