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.Find out more
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..Find out more
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.Find out more
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.Find out more
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.Find out more
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.Find out more
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).Find out more
Westport Fuel Systems Inc. reported financial results for the first quarter ended March 31, 2020 and provided an update on operations.
Transaction to Strengthen the Liquidity of Emer S.p.A. in Brescia, Italy
BRC to Supply Systems to the Growing Egyptian Market
Shareholders approved all resolutions presented at the Meeting.
Westport Fuel Systems has also scheduled a conference call for Friday, June 5, 2020 at 10:30am ET (7:30am PT)
Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.
The statistics not only show continuously growing sales of CNG and especially liquefied natural gas fueled vehicles, but also the growth of corresponding fueling infrastructure.
Simeon’s gas-powered Volvo is used to transport gas for partners. Stenberg is pleased with the new tractor unit.