News Tagged with "Acquisition"

December 2, 2014

Westport Acquires Prins Autogassystemen

Capturing a Complete Portfolio of Alternative Fuel Systems, Expected Accretive Sales and Operations Synergies in 2015 and Beyond

Westport has acquired Netherlands based Prins Autogassystemen Holding B.V. (Prins) for Euro 12.2 million (approximately U.S.$15.1 million) through a combination of Euro 6.6 million (approximately U.S.$8.2 million) in assumed liabilities and Euro 5.6 million (approximately U.S.$6.9 million) in cash.

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June 28, 2013

Westport Acquires Clean Energy’s Natural Gas Vehicle Business, BAF Technologies and ServoTech Engineering, to Expand Ford Product Portfolio and Dealership Coverage

Commits $5 Million to Co-Marketing Program with Clean Energy

Westport has acquired BAF Technologies and its subsidiary ServoTech Engineering, Inc., both subsidiaries of Clean Energy Fuels for $25 million in Westport stock. Westport and Clean Energy also announced a $5 million joint marketing and sales program..

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March 6, 2012

Westport Announces Intention to Acquire Certain Assets of Advanced Engine Components Limited of Australia

Westport has entered into a business sale agreement to purchase certain assets of Advanced Engine Components Limited (AEC) of Perth, Western Australia, for A$1.45 million (approximately US$1.6 million) to be paid in cash and assumed liabilities. Upon successful completion of the transaction, Westport will acquire AEC's Australian business assets including its intellectual property, key contracts, inventory and fixed assets.

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October 12, 2011

Westport Acquires Alternative Fuel Vehicle Sweden AB, European Natural Gas System Supplier to Volvo Cars

Acquisition Marks Continued Expansion into Growing Automotive Segment for Global Leader in Natural Gas Engines

Westport has acquired Alternative Fuel Vehicle Sweden AB (AFV) of Gothenburg, Sweden for approximately SEK 51 million (approximately US$7.6 million). AFV is the sole supplier of natural gas fuel systems to Volvo Car Company.

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July 5, 2011

Westport Closes Acquisition of Emer S.p.A.

Previously Announced Acquisition Closes on Schedule

Westport has completed the purchase of Emer S.p.A. (Emer), of Brescia, Italy. After deduction of certain amounts contractually agreed upon, Westport, at closing, paid approximately Euro 25.6 million (approximately US$37.2 million), which consisted of Euro 12.1 million (US$17.6 million) in cash and 881,860 shares of Westport.

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June 8, 2011

Westport Announces Intention to Acquire Emer S.p.A. of Italy

Westport will purchase Emer S.p.A. (Emer),of Brescia, Italy for Euro 27 million (approximately US$39.6 million) through a combination of stock and cash, plus the assumption of approximately Euro 53 million in existing net debt within Emer.

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July 2, 2010

Westport Acquires OMVL of Italy and 100% of Juniper Engines for €19 Million

Accretive Acquisition Expected to Add Approximately US$25M in Revenue and Launch Light-Duty Automotive Strategy for Westport's Juniper Engines

Westport has announced that it has acquired 100% of the outstanding shares of OMVL SpA and OMVL’s 51% share of Juniper Engines Inc. for a combined consideration of €19.0 million (approximately US$23.4 million).

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News Releases

December 13

Cummins Westport Receives 2018 Emissions Certifications for L9N and B6.7N Natural Gas Engines

Cummins Westport Inc. announced today that it has received certifications from both the U.S. Environmental Protection Agency (“EPA”) and Air Resources Board (“ARB”) in California for its 2018 L9N and B6.7N natural gas engines.

December 1

Cummins Westport Announces Changes to its Board of Directors and Management Team

In accordance with the terms of the 50/50 Joint Venture Agreement between Cummins Inc. (NYSE:CMI) and Westport Fuel Systems Inc. (TSX:WPRT/NASDAQ:WPRT). The changes are effective as of January 1, 2018.

November 14

Westport Fuel Systems Reports Third Quarter 2017 Financial Results

Order Fulfillment of Westport™ HPDI 2.0 + Strengthened Balance Sheet

November 8

Westport Fuel Systems to Announce Third Quarter Results On Tuesday, November 14, 2017

To coincide with the disclosure, Westport Fuel Systems has also scheduled a conference call for Tuesday, November 14, 2017 at 2:00 pm Pacific Time (5:00 pm Eastern Time).

October 31

Westport Fuel Systems Awarded NAFTAL Tender

BRC to Supply 40,000 LPG Systems in Algeria

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