KSS Fuels Completes Acquisition of MPSI
June 01 2011 - 9:30AM
Business Wire
KSS Fuels announced today that it has completed its previously
announced acquisition of Market Planning Solutions Inc. (MPSI)
following approval by MPSI’s shareholders. KSS Fuels is a global
leading provider of fuel pricing software, network planning
services, data collection and related consulting and analytics
services.
“With the integrated, global resources of our merged
organization, we are now in a position to deliver even greater
value to customers in the oil & gas and petroleum retail
industries, as well as the rapidly developing needs of customers in
emerging fuels markets,” said Bob Stein, president and chief
executive officer of KSS Fuels. “In addition to expanding our
services to fuel wholesalers and retailers, we look forward to
leveraging the collective research, sales and marketing resources
to accelerate our diversification into new market verticals and
sectors. Our combined company is truly a global leader in Fuels
Pricing Solutions and Network Planning/Site Survey Solutions now
with 500 customers in 80 countries.”
KSS Fuels will continue to operate under both the KSS Fuels and
MPSI brands for the foreseeable future, and will maintain and
service existing products. Its headquarters will be in Manchester,
UK, with US operations in Florham Park, NJ, and Tulsa, OK, and
international locations serving customer needs in Latin America,
Africa and Asia.
About KSS Fuels
KSS Fuels is the leading global provider of pricing software,
analytics and consulting services to fuel retailers and wholesalers
in the oil & gas, convenience store, grocery and retail
industries. Providing “Knowledge beyond the numbers,” KSS Fuels
helps fuel marketers and distributors implement effective pricing
solutions and increase profitability through the use of knowledge
and numbers. The company’s US headquarters are located in Florham
Park, New Jersey, and its international headquarters are based in
Manchester, United Kingdom. KSS Fuels is 100 percent owned by
Eurovestech plc (LSE: EVT.L). For more information about KSS Fuels,
please visit www.kssfuels.com.
About MPSI
Based in Tulsa, Okla., MPSI is a leading provider of fuels
pricing, site evaluation and network planning solutions. Since
1970, its products and services have helped customers with fuels
price management, price optimization, volume projections, retail
asset management and retail outlet data. MPSI is also a principal
provider of traffic data, demographics and online mapping. For more
information, visit www.mpsifuels.com.
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