M&A Deal Summary

Westport Acquires Fuel Systems Solutions

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2016-06-01
Target Fuel Systems Solutions
Sector Automotive
Buyer(s) Westport
Deal Type Merger

Target

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(S) 1

Buyer

Westport

Vancouver, British Columbia, Canada
Category Company
Founded 1995
Sector Automotive
Employees1,715
Revenue 332M USD (2023)
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 STATS #
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 -
Mergr

Product

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