FLORHAM PARK, N.J. — KSS Fuels here and Market Planning Solutions Inc. (MPSI), Tulsa, Okla. — both providers of fuel pricing software, network planning services, data collection and analytics — announced today that KSS Fuels will acquire MPSI and that the respective organizations will be merged, effective in late May, subject to shareholder approval. Terms were not disclosed.
In addition to integrating both companies' fuel pricing software and analytics, the combined organization will build upon MPSI's network planning capabilities to serve petroleum, convenience and grocery retailers.
KSS Fuels will continue to operate under both the KSS Fuels and MPSI brands for the foreseeable future, and will maintain and service existing products.
Stop & Shop, Quincy, Mass., earlier this year selected a fuel price management system from KSS Fuels — called PriceNet and PriceNet Mobile — to provide day-to-day fuel price management and optimization to 70 of its retail locations that offer fuel.