Gilbarco Veeder-Root (GVR), a Vontier company, announced it has entered into exclusive discussions with TSG, a European leader in technical services for mobility solutions. The discussions are aimed at exploring the potential divestment of GVR's service business across eight European countries.
This strategic move is being considered for the continued benefit of their customers and aligns with Vontier's ongoing portfolio adjustments. The potential divestiture could streamline GVR's focus and optimize its operational footprint in Europe.
The discussions indicate a potential strategic shift in how GVR operates its European service business. This could allow GVR to reallocate resources and focus on core areas, while TSG would take over the service operations.
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