Dover Fueling Solutions Announces Expanded Global Partnership Agreement with Bottomline
Rhea-AI Summary
Dover Fueling Solutions (NYSE: DOV), a leading provider of fuel and convenience retail technologies, has announced a global expansion of its partnership with Bottomline. The expanded agreement will bring the BX platform, a supply chain optimization solution, to fuel retailers worldwide, building on their successful European partnership since 2023.
The BX platform integrates with DFS's ProGauge® ATG consoles and DX Wetstock® platform to provide comprehensive inventory management and supply chain optimization. The solution enables real-time operational monitoring, route optimization, and inventory forecasting, helping retailers maximize cost efficiencies from depot to tank.
Positive
- Expansion of successful European partnership to global markets
- Integration of BX platform with existing DFS products for enhanced functionality
- Potential for significant cost savings through supply chain optimization
- Leveraging DFS's established global sales network for wider market reach
Negative
- Implementation and integration costs not disclosed
- Potential challenges in scaling the solution across different global markets
News Market Reaction 1 Alert
On the day this news was published, DOV gained 0.41%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DFS and Bottomline's partnership in
The BX platform can be used to plan, monitor and reconcile deliveries from depot to tank. The smart algorithms enable real-time detection of operational issues, generate and optimize routes and effectively forecast inventories to help customers maximize cost efficiencies every step of the way. The powerful combination of the BX platform and DFS's ProGauge® Automatic Tank Gauge (ATG) consoles and probes and/or DX Wetstock® platform provides customers with an unparalleled wetstock and supply chain experience, allowing them to take full control of their inventory while delivering a valuable end-to-end solution that eliminates unnecessary losses.
"This partnership brings a cutting-edge supply chain optimization solution to customers on a global scale," says Jeroen Van Pelt, Sales Director, DFS. "With the ability to plan, control and monitor the supply chain, retailers can reduce costs while ensuring efficiency from depot to tank."
Léon van Rijswijk, CEO of Bottomline, added, "With DFS's strong global sales network, including regional sales teams and local distributors, we're excited to expand the reach of BX and transform fuel logistics together."
For more information about this partnership, please visit www.doverfuelingsolutions.com
About Dover Fueling Solutions:
Dover Fueling Solutions® (DFS) is part of Dover Corporation and a leading provider of advanced energy dispensing equipment, electronic automation, point-of-sale and payment systems, automatic tank gauging and subscription solutions to fueling and convenience retail customers worldwide. Comprised of brands Wayne Fueling Systems, Tokheim®, OPW®, ClearView, PetroVend®, ProGauge, Fairbanks, AvaLAN Networks™, LIQAL and Bulloch Technologies®, DFS is dedicated to offering a broad range of solutions that power vehicles, including conventional fuel and clean energy products that support gasoline, diesel, bio-diesel and ethanol as well as LNG, H2, LPG, CNG and EV chargers. Headquartered in
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of over
Dover Fueling Solutions Contact:
Amy Cearley, Director of Global Marketing Communications
(512) 484-4259
amy.cearley@doverfs.com
Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com
Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
jdickens@dovercorp.com
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SOURCE Dover