Dover Fueling Solutions Collaborates with Click & Find to Deliver Fuel Transportation Volume Monitoring and Tracking Solution Across EMEA Region

Rhea-AI Summary

Dover Fueling Solutions (DFS) collaborates with Click & Find to deliver a cutting-edge fuel transportation volume monitoring and tracking solution across the European, Middle East and Africa (EMEA) region. The solution enables fuel retailers and transportation companies to monitor loading and unloading activities, ensure accurate fuel deliveries, and mitigate risks and theft. DFS VP of Global Business Development, Kurt Dillen, highlights the tailored solutions designed to meet the needs of customers in Europe, the Middle East, and Africa. The collaboration aims to provide industry-leading security and reassurance to fuel retailers throughout the transportation process until delivery at the service station.

Insights

Market Research Analyst

The collaboration between Dover Fueling Solutions (DFS) and Click & Find represents a strategic move to enhance operational efficiency and security within the fuel retail industry. By integrating advanced monitoring and tracking technologies, such as ProGauge magnetostrictive probe technology, the partnership aims to provide a comprehensive solution for fuel retailers and transport companies in the EMEA region.

From a market perspective, this initiative could lead to a competitive advantage for DFS as it positions itself as a provider of end-to-end solutions in fuel management. The ability to offer a product that not only streamlines operations but also addresses key concerns like theft and accuracy in fuel delivery could result in increased market share and customer loyalty. Furthermore, the integration with ERP systems and the potential for customization align with the industry's move towards digital transformation and could attract a broader client base seeking to modernize their operations.

Financial Analyst

The announcement of this collaboration may have a positive impact on Dover's stock (NYSE: DOV), as investors often respond favorably to initiatives that can expand a company's market reach and introduce innovative solutions. The focus on mitigating risks and enhancing operational efficiencies can lead to cost savings for clients, which in turn, could translate into higher sales volumes for DFS.

Moreover, the ability to integrate with existing ERP and fuel station management systems could suggest a lower barrier to adoption, potentially leading to a quicker revenue stream from this new offering. However, the actual financial impact will depend on the solution's market uptake and the scalability of the technology across different regions and customer segments.

Supply Chain Management Expert

From a supply chain perspective, the DFS and Click & Find solution addresses critical pain points in fuel logistics, such as theft prevention and accurate volume tracking. The deployment of ProGauge magnetostrictive probe technology enhances transparency across the supply chain, enabling real-time data collection and analysis.

This level of monitoring not only improves the security of fuel assets but also enables more precise demand forecasting and inventory management. By providing priority alarms for abnormalities, the solution can help companies quickly respond to potential issues, minimizing losses and ensuring the reliability of supply. The impact on the supply chain could be significant, potentially setting new industry standards for fuel transportation management.

DOWNERS GROVE, Ill., Jan. 3, 2024 /PRNewswire/ -- Dover Fueling Solutions ("DFS"), a part of Dover (NYSE: DOV) and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, announced a collaboration with Click & Find to deliver a cutting-edge fuel transportation volume monitoring and tracking solution across the European, Middle East and Africa (EMEA) region.

The new collaboration between DFS and Click & Find will enable fuel retailers and fuel transportation companies to take full control of their fuel transport operations, mitigate risks and theft, and streamline operations with additional services.

The comprehensive fuel transportation volume monitoring and tracking solution, in conjunction with ProGauge magnetostrictive probe technology, allows retailers to monitor loading and unloading transportation activities and ensure accurate fuel deliveries. The solution also provides priority alarms if any abnormalities occur in transit and can help safeguard fuel assets by mitigating the risk of mistreatment and theft during the transportation phase. The integrated DFS and Click & Find solution will provide industry-leading security and reassurance to fuel retailers from the moment fuel is loaded into transport through delivery at the designated service station. 

"Our tailored solutions have been specifically designed to meet the needs of customers in Europe, the Middle East and Africa," said Kurt Dillen, DFS VP of Global Business Development. "Adding transportation monitoring solutions to existing fuel stations provides retailers a complete view of the fuel supply chain and absolute control over their fuel resources throughout the transportation process until delivery to a fuel station, where other DFS solutions take over to complete the automation cycle."

The cutting-edge fuel transportation volume monitoring and tracking solution can facilitate enhanced transport management by leveraging different software solutions and interfaces through quick integration with routing and dispatching software, automated synchronization with Enterprise Resource Planning (ERP) systems, and instant reconciliation with DFS fuel station management solutions.

The solution also enables retailers to automate the transfer of data to the ERP system on site, increasing efficiencies while maintaining compliance with various industry standards and regulations. Retailers can customize the fuel management solution to align with specific business needs through software and service add-ons.

Nicola Zingirian, Click & Find Founder, added, "By utilizing ProGauge magnetostrictive probes, the new DFS and Click & Find solution can help ensure accurate fuel volume monitoring. Fuel retailers or site owners can now achieve real-time reconciliation with fuel station management solutions to maintain accurate records, all while protecting fuel resources—from the source to the final delivery destination—with robust security measures."

For more information, please visit https://www.doverfuelingsolutions.com/site-efficiency-click-and-find-monitoring-and-tracking-solution. 

About Dover Fueling Solutions:

Dover Fueling Solutions (DFS) is part of Dover Corporation and a leading provider of advanced energy dispensing equipment, electronic automation and payment systems, automatic tank gauging and subscription solutions to fueling and convenience retail customers worldwide. Comprised of brands Wayne Fueling Systems, Tokheim, OPW Fuel Management Systems, ClearView, ProGauge, Fairbanks, AvaLAN Networks and LIQAL, 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 Austin, TX, DFS has a strong global manufacturing and technology development presence, including facilities in Brazil, China, India, Italy, Poland, Belgium, the Netherlands, the United Kingdom and the United States. For more information about DFS, visit www.doverfuelingsolutions.com.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.

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, Senior Director, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

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SOURCE Dover

FAQ

What is the collaboration announced by Dover Fueling Solutions (DFS) and Click & Find?

DFS announced a collaboration with Click & Find to deliver a fuel transportation volume monitoring and tracking solution across the European, Middle East and Africa (EMEA) region.

What are the benefits of the fuel transportation volume monitoring and tracking solution?

The solution enables fuel retailers and transportation companies to monitor loading and unloading activities, ensure accurate fuel deliveries, and mitigate risks and theft.

Who is the VP of Global Business Development at DFS?

Kurt Dillen is the VP of Global Business Development at DFS.

What is the purpose of the collaboration between DFS and Click & Find?

The collaboration aims to provide industry-leading security and reassurance to fuel retailers throughout the transportation process until delivery at the service station.

How can retailers customize the fuel management solution?

Retailers can customize the fuel management solution to align with specific business needs through software and service add-ons.