Deal Snapshot
Vontier Closes Acquisition of Car Wash Technology Provider DRB Systems
Tuesday 14 September 2021

US-based industrial technology company Vontier Corp. (NYSE: VNT) has completed its acquisition of car wash industry sale, workflow software, and control solutions provider DRB Systems, LLC, the company said.

DRB will function as a standalone operating company within the Mobility Technologies platform. Vontier said it expects DRB to generate approximately USD 170m of revenue in 2021 with mid-20% operating margins and is expected to have a high-single digit long-term growth rate.

Date Published: 14/09/2021