Auckland-founded global leader in self-service outdoor payment terminals for fuel retail, deployed at over 100,000 sites worldwide including Z Energy's entire 271-site NZ network.
Invenco is an Auckland-founded payment technology company that designs, manufactures, and deploys outdoor payment terminals (OPTs) for the global fuel retail industry. Founded in 2009 by Sir Peter Maire and Dave Ritten - who acquired the Invenco assets from the bankrupted Provenco Cadmus business - the company grew from a New Zealand fuel forecourt technology provider into a global operation with offices in the US, Canada, Malaysia, and the UK. Invenco's product portfolio spans hardware (G6 and G7 outdoor payment terminal families), software (iNFX retail micro-services platform), and cloud-based payment processing, engaging millions of customers daily across its installed base of over 100,000 EMV payment terminals. In New Zealand, Invenco's most significant project was its partnership with Z Energy to implement a complete technology upgrade across Z's entire retail and truck stop network of 271 sites. Invenco also developed the payment infrastructure for Z Energy's 'Fastlane' (Fuel and Go) service - a number-plate recognition system that allows customers to fuel up and drive away without touching a payment terminal. The Fastlane project was a collaboration between four NZ technology companies: Invenco, Rush Digital, Focus Security, and Paymark. In August 2022, Invenco was acquired by US-based Vontier Corporation for US$80 million (NZ$127 million), with additional contingent consideration based on performance. Following the acquisition, Invenco now operates as 'Invenco by GVR' within Vontier's Gilbarco Veeder-Root operating company, part of the Mobility Technologies platform. The company continues to operate from its Auckland headquarters with approximately 130 software engineers among its 300-strong workforce.
Modular outdoor payment terminal platform for fuel retail forecourts. Supports EMV chip-and-PIN, contactless (NFC), mobile wallet, and QR code payments. Available in multiple form factors (G7-100, G7-200, G7-300) for mounting on dispensers, pedestals, or kiosks.
Previous-generation outdoor payment terminal, including the award-winning G6-300. First platform to achieve EMV certification for outdoor fuel retail in several markets.
Software platform providing electronic payment server, site controller, loyalty integration, and back-office automation for fuel retail sites. Runs as a micro-services architecture for reliability and modularity.
World's first outdoor EMV-as-a-service offering, launched in 2018. Allows US fuel retailers to deploy EMV-compliant terminals on a subscription basis, avoiding large upfront capital costs.
Cloud-based platform for remote terminal management, transaction processing, fleet monitoring, and software updates across deployed OPT networks.
High-speed Ethernet enabling device that connects outdoor payment terminals to site networks, supporting real-time transaction processing and remote management.
Fusion Retail Oil Limited registered on 20 August 2009 (Company Number 2306117, NZBN 9429032003390) in Auckland by Sir Peter Maire and Dave Ritten, who acquired the Invenco assets from the bankrupted Provenco Cadmus business. Renamed to Fusion Transactive Limited four days later (24 August 2009).
Company renamed from Fusion Transactive Limited to Invenco Group Limited on 9 October 2013. Won contract with Z Energy to upgrade payment technology across all 271 retail and truck stop sites in New Zealand.
G6-300 Outdoor Payment Terminal earns Bronze at the New Zealand Best Design Awards, recognised for industrial design excellence.
Named in TIN's 'Top 10 to Watch' list of New Zealand technology exporters. 180 employees, with 75% in R&D. Won the Commercialization of Innovation for Export Award.
Launched i2 - the world's first outdoor EMV-as-a-service offering - enabling US fuel retailers to avoid the EMV liability shift without large upfront capital expenditure. Developed payment infrastructure for Z Energy's Fastlane 'Fuel and Go' service using ANPR technology.
Launched the modular G7 OPT family, offering fuel retailers flexible configurations for outdoor payment.
Acquired by Vontier Corporation (NYSE: VNT) for US$80 million. Became 'Invenco by GVR' within the Gilbarco Veeder-Root operating company. Expected 2022 revenue of US$80 million with mid-40% gross margins.
Partnered with CODAB to bring integrated forecourt and payment systems to retail petroleum markets in Europe and beyond.
Co-Founder & Former Chairman
New Zealand technology entrepreneur and investor. Co-founded Invenco in 2009 by acquiring assets from Provenco Cadmus. Previously founded Navman and has been involved in multiple NZ tech ventures.
Co-Founder & Former CEO
Co-founded Invenco with Sir Peter Maire in 2009. Led the company through its initial growth phase and the Z Energy contract win.
CEO (at time of acquisition)
Led Invenco through its global expansion and the US$80 million acquisition by Vontier in 2022. Oversaw the growth to 300 employees and 100,000+ deployed terminals.
Invenco's relevance to Road User Charges lies in its position as the dominant payment infrastructure provider at New Zealand fuel retail sites. With technology deployed across Z Energy's entire 271-site network and installations at BP and Mobil forecourts, Invenco's outdoor payment terminals are the physical point at which millions of fuel transactions occur - transactions that currently include fuel excise duty, a key component of the transport revenue system that RUC is set to replace. As New Zealand transitions to universal electronic RUC, the fuel retail payment infrastructure that Invenco built could play a role in collection, reconciliation, or integration with eRUC systems.
NYSE-listed industrial technology conglomerate Vontier Corporation acquired Auckland-based Invenco Group for US$80 million (NZ$127 million), with additional earn-out payments contingent on performance. Founded in 2009 by Sir Peter Maire and Dave Ritten from the remnants of bankrupt Provenco Cadmus, the 320-employee company was integrated into Vontier's subsidiary Gilbarco Veeder-Root, the world's largest fuel dispenser manufacturer.
Invenco won a major contract to deploy its G6 Outdoor Payment Terminal technology across Z Energy's entire New Zealand network of 271 retail, truck stop, and aviation sites. The initial deployment completed in just five months by November 2012, with Z Energy subsequently ordering an additional 800 G6 terminals in 2014 to support a new pay-at-pump retail initiative.
Invenco's G6-300 pay-at-pump outdoor payment terminal earned a Bronze award at the prestigious New Zealand Best Design Awards, hosted by the Designers Institute of New Zealand. The G6-300 was engineered from the ground up as a compact, retrofit-capable terminal designed to improve customer experience on the forecourt, highlighting Invenco's position as a NZ company competing globally in payment terminal design.
2306117
9429032003390
NZ Limited Company
20 August 2009
Level 2, 7-11 Kawana Street, Northcote, Auckland, 0627, New Zealand
Luke James-Earl O'Rourke
Raleigh, United States
Timothy David Reynolds
Cary, United States
Fred Todd Smith
Abbotsford, Australia
Patricia Helena Constance Thomas
Castle Hill, Australia
64,184,396 total shares
Gilbarco Australia Pty Ltd
64,184,396 shares · Auburn, Australia
Source: NZ Companies Office · Last checked February 2026
View on Companies RegisterAnalysis of notable corporate and institutional shareholders. Individual shareholders are excluded.
Gilbarco Veeder-Root
Gilbarco Australia Pty Ltd
The Australian subsidiary of Gilbarco Veeder-Root, the world's leading fuel dispensing and payment technology provider serving petrol stations in 150+ countries. Serves as the regional holding company through which Vontier acquired Invenco for US$80 million in August 2022. Invenco's outdoor payment terminals were integrated into Gilbarco's fuel retail stack, now trading as 'Invenco by GVR'.
Vontier
Vontier Corporation
Traced via researchVontier Corporation (NYSE:VNT) - the same US company that owns Teletrac Navman. Acquired Invenco in August 2022 for US$80M, folding it into the Gilbarco Veeder-Root division. This means Vontier owns two separate NZ entities in the RUC ecosystem: Teletrac Navman (fleet telematics/eRUC) and Invenco (payment terminals at fuel retail sites).
