Treasure Magazine

Treasure Magazine

Avanceon Ltd signs three-year licensee agreement with DFS

1 min read
Octopus

LAHORE:  Avanceon Limited (AVN) announced that it has signed a new, three-year licensee agreement with Dover Fueling Solutions (DFS), a part of Dover Corporation.

In a notice at PSX website on Friday, it said that DFS delivers advanced fuel dispensing equipment, electronic systems and payment, fleet systems, automatic tank gauging and wetstock management.

Avanceon will provide DFS’ wetstock management services in Pakistan, with the view to expanding into UAE, Saudi Arabia, and Qatar markets.

This contract execution gives a pathway for positive impact on group’s business and value for its shareholders.

Today, AVN is being traded at Rs 93.15 at 4 pm after losing its share price by 32 paisas at PSX trading screen.