Latest news with #DevonWatson
Business Wire
5 days ago
- Automotive
- Business Wire
Vontier Strengthens Leading Position in Car Wash Technology with Sergeant Sudz Acquisition
RALEIGH, N.C.--(BUSINESS WIRE)-- Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, announced today the acquisition of Sergeant Sudz ™ (Sgt. Sudz), the leading provider of next-generation tunnel automation and smart motor control center (MCC) technology for tunnel car wash operators in the U.S. The acquisition will combine Vontier's existing DRB ® car wash technology, including point of sale systems, digital consumer engagement, tunnel controls and data analytics, with Sgt. Sudz's smart MCC and industrial automation expertise, giving tunnel car wash operators a comprehensive, digital solution to deliver greater productivity and efficiency. Terms of the transaction were not disclosed. We now have a powerful and integrated solution that not only drives revenue but unlocks greater cost awareness, efficiency and productivity. We're excited to welcome the Sgt. Sudz team to the DRB family and bring this full capability to our customers. Share Headquartered in Greenville, Tenn., Sgt. Sudz has quickly established itself as a market leader in smart tunnel controls through innovative products developed solely for the car wash market, user friendly interfaces and exceptional customer service and support. DRB and Sgt. Sudz serve many of the largest car wash operators today. "Sgt. Sudz extends DRB's digital expertise and advances our strategic priority to help car wash operators run and grow their businesses,' said Devon Watson, President, DRB. 'DRB is taking our software and cloud expertise and what we've learned in the POS space over the last 40 years and enhancing it with smart tunnel controls. We now have a powerful and integrated solution that not only drives revenue but unlocks greater cost awareness, efficiency and productivity. We're excited to welcome the Sgt. Sudz team to the DRB family and bring this full capability to our customers.' 'Joining forces with Vontier and DRB strengthens our capacity for innovation and expands the value we bring to customers,' said James Vanderwiele, co-owner of Sgt. Sudz. 'Subeth and I are honored to continue leading Sgt. Sudz, and we are excited to join a family that truly aligns with our vision. Together, with Vontier and DRB's combined expertise and innovative technologies, we are well-positioned to empower our customers to achieve forward-thinking solutions that address evolving industry needs and help our customers thrive in a rapidly changing market.' DRB has been the car wash technology leader for 40 years. Its systems and software are used by thousands of car wash businesses and 17 of the 20 largest car wash chains. About Vontier Vontier (NYSE: VNT) is a global industrial technology company uniting productivity, automation, and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company's website at FORWARD-LOOKING STATEMENTS This release contains forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to statements regarding Vontier Corporation's (the 'Company's') business and acquisition opportunities and anticipated earnings, and any other statements identified by their use of words like 'anticipate,' 'expect,' 'believe,' 'outlook,' 'guidance,' or 'will' or other words of similar meaning. There are a number of important risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These risks and uncertainties include, among other things, deterioration of or instability in the economy, the markets we serve, changes in U.S. and international geopolitics, including trade policies, volatility in the financial markets, contractions or lower growth rates and cyclicality of markets we serve, competition, changes in industry standards and governmental policies and regulations that may adversely impact demand for our products or our costs, our ability to successfully identify, consummate, integrate and realize the anticipated value of appropriate acquisitions and successfully complete divestitures and other dispositions, our ability to develop and successfully market new products, software, and services and expand into new markets, the potential for improper conduct by our employees, agents or business partners, impact of divestitures, contingent liabilities relating to acquisitions and divestitures, impact of changes to tax laws, our compliance with applicable laws and regulations and changes in applicable laws and regulations, risks relating to global economic, political, war or hostility, legal, compliance and business factors, risks relating to potential impairment of goodwill and other intangible assets, currency exchange rates, tax audits and changes in our tax rate and income tax liabilities, the impact of our debt obligations on our operations, litigation and other contingent liabilities including intellectual property and environmental, health and safety matters, our ability to adequately protect our intellectual property rights, risks relating to product, service or software defects, product liability and recalls, risks relating to product manufacturing, our relationships with and the performance of our channel partners, commodity costs and surcharges, our ability to adjust purchases and manufacturing capacity to reflect market conditions, reliance on sole sources of supply, security breaches or other disruptions of our information technology systems, adverse effects of restructuring activities, impact of changes to U.S. GAAP, labor matters, and disruptions relating to man-made and natural disasters. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings, including our Form 10-K for the year ended December 31, 2024. These forward-looking statements represent Vontier's beliefs and assumptions only as of the date of this release and Vontier does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
BBC News
09-05-2025
- Politics
- BBC News
Devon Watson appointed new leader of Douglas Council
The new leader of the local authority in the Isle of Man's capital said he was "keen to use the council as a vehicle to get the people the services they need".Devon Watson was appointed to the position for a two-year term on Wednesday following last month's replaces Clare Wells, who had held the post since 2021 but did not put herself forward as a candidate in the latest local authority general said he would work to tackle the challenges of the cost of living, struggling businesses, and a "housing crisis that is driving young people off the island". He was selected at a meeting of the council by securing eight of the votes on offer, beating David Cretney, who secure said he would work to continue "improving" housing standards and the services provided by the authority."My job is to channel those concerns and make sure we not only have a local but a national voice," he said. 'Brand new ideas' With half of the capital's 12 councillors new to the local authority after the election, it meant it was a "brand new council with brand new ideas", Watson continued."I can't wait to start working with everyone, working with officers and working with government to get on with the job", he make-up of the council's committees was also decided at the Washington was appointed chairman of the Housing and Property Committee, Natalie Byron-Teare will serve as chairwoman of the Regeneration and Community Committee, and Falk Horning remains chairman of the Environmental Services Committee.A new Mayor of Douglas Council is set to be appointed at a meeting next week. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X.
BBC News
23-02-2025
- Business
- BBC News
Offer accepted on Douglas Council's former Lord Street flats
A buyer has been found for a block of former social housing flats in the centre of the Isle of Man's capital that date back to the 1930s, the local authority has Council said it had accepted an offer after putting the 56-unit Lord Street development up for sale in November, subject to contracts being sale figure for the development, which has been boarded up in 2022 after the tenants moved to a more modern building on Peel Road, has not yet been revealed.A council spokesman said the proceeds would be "reinvested into future housing projects for Douglas" alongside its general maintenance and refurbishment works. The sale was part of a programme to "invest in providing accommodation considered more suitable to modern day standards", he details of the deal were currently commercially sensitive and the authority would release more information once the sale had been completed, he the flats were put on the market housing committee chairman Devon Watson stressed that the Council wanted to see the Lord Street site remain as said the authority believed there was "more mileage" by using funds from the sale fund the construction of new modern homes on a different site than redeveloping the current said a developer could build 50 new homes for private market on the former local authority housing site. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X.
BBC News
19-02-2025
- Business
- BBC News
Douglas Council tenant rent payments to be standardised
Rents payments are set to be simplified and standardised for public sector housing tenants in the Manx capital from 7 April, the local authority has change would see rent payments calculated over a 52 week period rather than the existing 50 week period. Chairman of Douglas Council's Housing and Communities Board Devon Watson said it would provide a "more straightforward yet flexible way to pay and collect rent".The change would also offer the option for tenants to increase their payments to take a two week rent break during a particular time of year. 'Straightforward yet flexible' Watson said as there was now a "wide range" of payment options, there was "no longer any need to divide a year into a 50 week collection system", which dated back to when payments were made in means tenants would pay the weekly rent instead of the previously inflated rent that was required to cover two non-collection weeks at the end of the year, which the authority said would help households with budget the changes, existing interval choices such as weekly, fortnightly, four-weekly, monthly or yearly rent payments would remain the same. As more than 60% of tenants already paid over 52 weeks, the move would standardise the approach, the councillor change would also reduce the council's £228,755 rent arrears figure, some of which has been caused by the confusion between the 50 and 52 week system, he said: "This is all about providing a more straightforward yet flexible way to pay and collect rent, with the main purpose to better assist families with their budget management across a full year, alongside the benefit of offering a 'rent holiday' for those who want it. "Essentially, it places control back in the hands of our tenants," Additional reporting by the Local Democracy Reporting Service. Read more stories from the Isle of Man on the BBC, watch BBC North West Tonight on BBC iPlayer and follow BBC Isle of Man on Facebook and X.
