# Vontier

> Vontier is a Raleigh-based industrial technology company that builds the hardware, software and services behind the world's fueling stations, repair shops, car washes and vehicle fleets. Spun off from Fortive in 2020, it houses market-leading brands like Gilbarco Veeder-Root, Matco Tools, Teletrac Navman and DRB, and generates roughly $3 billion a year keeping traffic flowing, technicians equipped and fuel - increasingly of every kind - dispensed safely.

- **Founded:** 2020
- **Headquarters:** Raleigh, North Carolina, United States
- **Founders:** Mark D. Morelli (President & CEO (founding CEO))
- **Team size:** ~7,800 employees
- **Products:** Gilbarco Veeder-Root, Invenco by GVR, Matco Tools, Teletrac Navman, DRB
- **Notable:** Launched as an independent public company on the NYSE (ticker VNT) in October 2020., Reached roughly $2.97 billion in annual revenue by FY2024., Acquired DRB Systems (~$965M, 2021) to enter car-wash technology.

## Products & services

- **Gilbarco Veeder-Root** — Fuel dispensers, forecourt hardware, point-of-sale, tank gauging and environmental compliance for retail and commercial fueling sites.
- **Invenco by GVR** — Open, cloud-connected payment and self-service outdoor payment terminals for fueling and convenience retail.
- **Matco Tools** — Professional-grade hand tools, diagnostics and toolboxes sold to technicians through a mobile franchise network of tool trucks.
- **Teletrac Navman** — SaaS telematics and fleet management for tracking, compliance and optimization of commercial vehicles.
- **DRB** — Point-of-sale, controls and management software for tunnel and in-bay automated car washes.
- **Hennessy / Coats** — Wheel service, tire changers, balancers and vehicle lifts for repair shops.
- **Global Traffic Technologies (GTT)** — Traffic signal priority and intersection management systems for transit and emergency vehicles in smart cities.
- **Driivz** — EV charging management and energy software platform for charge point operators.
- **ANGI Energy Systems** — Compressed natural gas (CNG) and alternative fuel compression and dispensing equipment.

## Achievements

- Launched as an independent public company on the NYSE (ticker VNT) in October 2020.
- Reached roughly $2.97 billion in annual revenue by FY2024.
- Acquired DRB Systems (~$965M, 2021) to enter car-wash technology.
- Acquired Invenco (~$330M, 2022) to expand open payment and self-service solutions.
- Serves 260,000+ fueling sites and equips 600,000+ auto technicians worldwide.

## Latest updates

- **2025-10** — Showcased unified payment, smarter management and future-focused convenience-retail solutions at NACS 2025.
- **2025-01** — Reported fourth-quarter 2024 results and initiated full-year 2025 guidance.
- **2025-01** — Introduced a new convenience-retail leader to streamline its go-to-market approach.

## Links

- Website: https://www.vontier.com
- LinkedIn: http://www.linkedin.com/company/vontier
- Twitter/X: https://twitter.com/Vontier_Corp
- Facebook: https://facebook.com/vontier.co

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Profile page: https://yespress.io/vontier
Published by YesPress — https://yespress.io
Last updated: 2026-08-12