Aspo's Autotank is expanding in Russia. Autotank has founded a joint venture in Russia called OOO Autotank. The company is headquartered in St. Petersburg.
OOO Autotank produces and markets dispensing and payment automation systems for service stations. The Russian market for payment terminals is expected to grow rapidly in the next few years.
"The number of distribution points is growing robustly in Russia. "24-hour service and fuel theft prevention will enhance demand for terminals, at both full-service and unmanned stations", says Autotank CEO Peter Hutton.
"Since the control system of the payment terminal also enables fuel volume monitoring in store, it can be used to improve the efficiency of service station chains as well. As the number of distribution points is on the rise in Russia, this will create an important competitive advantage for our terminal", Hutton says.
Autotank is the majority shareholder in OOO Autotank; Autotank's long-time Russian partner holds the minority interest. In addition to St. Petersburg, Autotank has Russian customers in the Vyborg and Moscow regions. Autotank's affiliate, Inuctan, will continue to represent Autotank in Moscow.
For additional information contact Peter Hutton, CEO, Autotank, phone +358-9-759 5263