Invenco by GVR partners with Etteplan as successor for research & development activies in Finland

ETTEPLAN OYJ Press Release, November 13, 2024 at 5.50 p.m.

Invenco by GVR partners with Etteplan as successor for research & development activies in Finland  

Etteplan and Invenco by GVR, a technology leader for convenience retail and fueling operations, reached an agreement to transfer Invenco by GVR’s research and development operations, located near Porvoo, Finland, to Etteplan. Effective October 1, three Invenco by GVR employees specializing in software and system architecture development transfered to Etteplan as existing employees.

"The agreement strengthens Etteplan's position and expertise, particularly in solutions for fueling, payment and convenience retail equipment, as well as technology serving the oil and gas industry. Our goal is to continue developing the offering further, leveraging our combined expertise. I warmly welcome the employees from Invenco by GVR to Etteplan and look forward to a productive collaboration", says Tero Leppänen, SVP for Software and Embedded Solutions at Etteplan.

"We see opportunity for growth and localized expertise with Etteplan as we strengthen the partnership between our companies. It was important that we maintain continuity of service to our customers while preserving the institutional knowledge that exists with the transferring employees. With this partnership we get effective support of the petrol retail market in Finland and the Baltics for our technologies and we are able to scale up solutions on those regions”, says Dennis Larsson, Retail Director EMEA, Invenco by GVR. 

For more information:
Tero Leppänen, SVP, Software and Embedded Solutions, Etteplan, tel. +358 40 595 5238
Outi Torniainen, SVP, Marketing and Communications, Etteplan, tel. +358 10 307 3302
Dennis Larsson, Retail Director EMEA, Invenco by GVR, tel. +46 070-611 45 40

About Invenco by GVR
Invenco by GVR, a Vontier business, is a global leader in the convenience retail industry. Built to help customers adapt and innovate to stay ahead, Invenco by GVR will be the operating system for convenience retail, producing agile solutions for accelerated growth and value. Invenco by GVR Solutions can be found in nearly 165, 000 connected devices across 50, 000 convenience stores in more than 50 countries. To find out more about Invenco by GVR visit www.invenco.com.