KSS Fuels Completes Acquisition Of MPSI

KSS Fuels announced today that it has completed its previously announced acquisition of Market Planning Solutions Inc. (MPSI) following approval by MPSI’s shareholders. KSS Fuels is a global leading provider of fuel pricing software, network planning services, data collection and related consulting and analytics services.

“With the integrated, global resources of our merged organization, we are now in a position to deliver even greater value to customers in the oil & gas and petroleum retail industries, as well as the rapidly developing needs of customers in emerging fuels markets,” said Bob Stein, president and chief executive officer of KSS Fuels. “In addition to expanding our services to fuel wholesalers and retailers, we look forward to leveraging the collective research, sales and marketing resources to accelerate our diversification into new market verticals and sectors. Our combined company is truly a global leader in Fuels Pricing Solutions and Network Planning/Site Survey Solutions now with 500 customers in 80 countries.”

KSS Fuels will continue to operate under both the KSS Fuels and MPSI brands for the foreseeable future, and will maintain and service existing products. Its headquarters will be in Manchester, UK, with US operations in Florham Park, NJ, and Tulsa, OK, and international locations serving customer needs in Latin America, Africa and Asia.

About KSS Fuels

KSS Fuels is the leading global provider of pricing software, analytics and consulting services to fuel retailers and wholesalers in the oil & gas, convenience store, grocery and retail industries. Providing “Knowledge beyond the numbers,” KSS Fuels helps fuel marketers and distributors implement effective pricing solutions and increase profitability through the use of knowledge and numbers. The company’s US headquarters are located in Florham Park, New Jersey, and its international headquarters are based in Manchester, United Kingdom. KSS Fuels is 100 percent owned by Eurovestech plc (LSE: EVT.L). For more information about KSS Fuels, please visit www.kssfuels.com.

About MPSI

Based in Tulsa, Okla., MPSI is a leading provider of fuels pricing, site evaluation and network planning solutions. Since 1970, its products and services have helped customers with fuels price management, price optimization, volume projections, retail asset management and retail outlet data. MPSI is also a principal provider of traffic data, demographics and online mapping. For more information, visit www.mpsifuels.com.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX