JANESVILLE – ANGI Energy
Systems, a Janesville-based designer of fueling systems
for compressed natural gas vehicles, will be sold to
Greensboro, N.C.-based Gilbarco Veeder-Root.
Financial terms of the deal were not disclosed.
“ANGI continues to grow rapidly due to customer demand,”
said John Grimmer, ANGI president. “To keep pace, we
looked for a strategic partner with systems, processes
and people to support our employees and customers as the
industry builds out. We found all that and more with
ANGI will remain in Janesville, and the acquisition will
enable Gilbarco to accelerate its technology
advancements, according to a statement.
Gilbarco is a leader in integrated technology solutions
in the retail petroleum industry.