Vontier to Acquire DRB Systems
July 21, 2021—DRB Systems, an Ohio-based point-of-sale technology provider for the quick lube industry, announced Monday it will be acquired by industrial tech firm Vontier Corporation.
According to a news release, the acquisition is still pending "customary closing conditions, including regulatory approval," but is anticipated to close in the third quarter of 2021.
“DRB’s passion to leverage technology to unlock value for our customers became stronger today,” DRB CEO and President Dan Pittman said. “Vontier’s purpose of mobilizing the future to create a better world, along with its great portfolio of companies, positions DRB’s team to continue its growth and better serve its customers.”