Core Insights - Gilbarco Veeder-Root has completed the divestiture of its European service operations to TSG, aligning with its strategy to optimize its business portfolio [1] - The divestiture includes service operations in the UK, Finland, Denmark, Sweden, Norway, Estonia, Latvia, and Lithuania [1] - TSG aims to enhance its service capabilities in the Nordics and Baltics and strengthen its presence in Europe [2] Company Strategy - The transaction allows Gilbarco Veeder-Root to focus on its core technologies while ensuring service continuity through coordinated arrangements with TSG [3] - Gilbarco Veeder-Root's managing director emphasized the commitment to customer support and product innovation following the divestiture [4] Workforce and Financials - Over 380 professionals, including project managers, engineers, and field technicians, will transition to TSG as part of the deal [2] - TSG operates in energy distribution infrastructures, including fuel and biofuel service stations, electric vehicle charging networks, and LPG/LNG and hydrogen facilities [4] - TSG has a workforce exceeding 6,400 employees, with sales figures reaching €1.25 billion as of April 2025 [5]