Merger • Automotive

Westport Acquires Fuel Systems Solutions

On June 1, 2016, Westport acquired automotive company Fuel Systems Solutions

Acquisition Context
  • This is Westport’s 8th transaction in the Automotive sector.
  • This is Westport’s 3rd transaction in the United States.
  • This is Westport’s 1st transaction in New York.

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M&A Deal Summary

Date June 1, 2016
Target Fuel Systems Solutions
Sector Automotive
Buyer(s) Westport
Deal Type Merger

Target Company

Fuel Systems Solutions

New York, New York, United States
Fuel Systems Solutions, Inc. is a designs, manufactures and supplies proven, cost-effective alternative fuel components and systems for transportation and industrial applications. Fuel Systems Solutions was founded in 1958 and is based in New York.
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Buyer Overview 1

Buyer

Westport

Vancouver, British Columbia, Canada

Category Company
Founded 1995
Sector Automotive
Employees1,509
Revenue 302M USD (2024)
DESCRIPTION

Westport is a provider of advanced natural gas engines and vehicles. Westport Innovations develops technologies to allow commercial fleet engines to use clean-burning fuels, such as liquefied and compressed natural gas, hydrogen, and hydrogen-enriched compressed natural gas. Westport was founded in 1995 and is based in Vancouver, British Columbia.


Deal Context for Buyer #
Overall 8 of 9
Sector: Automotive 8 of 8
Type: Merger 1 of 1
State: New York 1 of 1
Country: United States 3 of 3
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Prins Autogassystemen BV

Eindhoven, Netherlands

Prins Autogassystemen BV is a developer of high quality alternative fuel systems powered by liquefied petroleum gas (LPG or propane), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty applications.

Buy €12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Westport Fuel Systems - Select IMPCO Road and Rail Transport Product Lines

Vancouver, British Columbia, Canada

Westport Fuel Systems, Inc. - Select IMPCO Road and Rail Transport Product Lines provides a superior line of APUs and battery comfort systems for trucks and APUs for locomotives.

Sell -