- Gallagher sells Fuel Systems business unit
HAMILTON, NEW ZEALAND – Gallagher’s Fuel Systems business has been acquired by current Managing Director, Richard Coxon as the company looks forward to continued growth and exploring future hydrogen-related opportunities.
Gallagher Fuel Systems has been part of Gallagher since 1999. Gallagher, the global technology company which employs over 1000 people is well known in the animal management and security industries, and those businesses make up approximately 85 percent of the Group’s revenue.
Gallagher Fuel Systems is a market leader providing high-quality fuel dispensers into New Zealand and Australia. The company has come a long way since inventing the first-ever petrol pump with a microprocessor and has built a reputation for fuel dispensers with exceptional reliability and performance.
“This is an exciting new chapter for us,” said Richard Coxon. “We’ve emerged through the challenges of 2020 and have a strong business, with an outstanding team and plenty of opportunities ahead of us. Gallagher has always been about entrepreneurship and innovation and these are qualities that we will be taking forward with us.”
The business and 100-strong team will remain in Marton, New Zealand. A transition phase will see the company name change.
“We congratulate Richard and his team. It’s heartening to see one of our own take the next step. Richard has done a fantastic job leading the business for the past 17 years and we wish him and the wider team every success for the future,” said Kahl Betham, Chief Executive Officer at Gallagher.
Under Richard’s ownership, the business intends to pursue opportunities around next-generation technologies, particularly in relation to hydrogen.
“Hydrogen features strongly in the future development of small and larger-scale transportation such as cars, trucks, planes, trains and boats. Hydrogen is abundant and green hydrogen is totally renewable. Fuel cells are the method of turning the hydrogen into energy and we see significant future opportunities for the business in this space.”
Gallagher Fuel Systems also has a contract manufacturing business focusing on high technology electronics and assembly which is performing well. Contract partners leverage off the proven processes and philosophies that have underpinned Gallagher’s growth trajectory.
“We have an immense sense of pride in being based in Marton, New Zealand. Access to transportation hubs and a great team delivering the premium of high technology products for a variety of New Zealand companies as well as our own industry-leading fuel dispensing products all from our Marton operation.
“COVID has highlighted the important role of New Zealand manufacturing and strong relationships with partners. While we are not immune to challenges, our 40-year partnership with Tatsuno Corporation in Japan has placed us in good stead for access to quality components and we have emerged stronger,” Richard concluded.
Gallagher continues to operate and invest heavily in its core Animal Management and Security business units.
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