Veeder-Root Acquires FuelQuest Inc.

acquisitionPurchase combines global leader in automatic tank gauging with industry’s premier fuel logistics SaaS provider.

The Veeder-Root Co. has acquired FuelQuest Inc. located in Houston, Texas, FuelQuest is the recognized Software as a Service (SaaS) provider for retail and commercial fueling logistics applications.

With over 15 years of experience in logistics software development and analytics, FuelQuest will combine with Veeder-Root’s Insite360 Fuel business to provide a best in class, end-to-end solution for controlling wet stock from rack to nozzle.

The acquisition demonstrates Veeder-Root’s commitment to supporting retail and commercial fueling customers’ desire for increased control of their fuel purchases, deliveries, variance, flow, compliance and managed maintenance needs.

“FuelQuest brings valuable SaaS and fuel logistics expertise into Veeder-Root’s Insite360 Fuel services family, enabling us to aggressively accelerate our wet stock management technology roadmap,” said Andrew Hider, president, Veeder-Root.

“This expertise, along with Veeder-Root’s market leadership position in automatic tank gauge technology, will provide immediate advantages for any retail or commercial fueling customer looking to improve operational efficiencies in fuel or compliance management.”

“FuelQuest has been rapidly growing its customer base by providing best in class analytics for fuel logistics with a customer-first approach,” noted Scott Cilento, FuelQuest chief operations officer. The partnership with Veeder-Root’s Insite360 Fuel business will provide opportunities to reach more customers with a complete software, services and hardware solution.”

The combined SaaS businesses should improve the customer experience by offering a full suite of integrated logistics and environmental services. Enabled by Veeder-Root’s industry-leading hardware, this addition to Veeder-Root’s Insite360 Fuel portfolio will allow Veeder-Root to deliver continued enhancements in wet stock management technology development to customers.

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