Janesville’s ANGI Energy Systems sold to N.C. company

Special to The Freeman

June 9, 2014

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 Gilbarco.”

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.