M&A Deal Summary

Westport Acquires Juniper Engines

On July 2, 2010, Westport acquired automotive company Juniper Engines from OMVL for 8M EUR

Acquisition Highlights
  • This is Westport’s 2nd transaction in the Automotive sector.
  • This is Westport’s 3rd largest (disclosed) transaction.
  • This is Westport’s 1st transaction in Canada.
  • This is Westport’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2010-07-02
Target Juniper Engines
Sector Automotive
Buyer(s) Westport
Sellers(s) OMVL
Deal Type Divestiture
Deal Value 8M EUR

Target

Juniper Engines

Vancouver, British Columbia, Canada
Juniper Engines Inc. offers light-duty LPG and natural gas engine solutions for industrial applications such as forklifts and light-duty automotive.

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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 2 of 9
Sector (Automotive) 2 of 8
Type (Divestiture) 1 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2010) 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-02 OMVL

Pernumia, Italy

OMVL is a global player in the alternative fuel vehicles sector. OMVL designs, manufactures and markets complete fuelling systems for new vehicles and for the aftermarket conversion of engines from gasoline (petrol) to compressed natural gas (CNG) and liquified petroleum gas (LPG). OMVL currently collaborates with global manufacturers of motor vehicles, including Volkswagen and PSA Peugeot Citroën, with sales in Europe, the Americas and Australasia. OMVL has production and distribution capabilities in Europe, South America, Australia, and China.

Buy €11M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-08 Emer

Eufemia, Italy

Emer is a fuel system provider in the compressed natural gas (CNG) and liquefied petroleum gas (LPG) industry with a significant track record in technology innovation and operations.

Buy $117M

Seller(S) 1

SELLER

OMVL

Pernumia, Italy
Category Company
Founded 1980
Sector Automotive
DESCRIPTION

OMVL is a global player in the alternative fuel vehicles sector. OMVL designs, manufactures and markets complete fuelling systems for new vehicles and for the aftermarket conversion of engines from gasoline (petrol) to compressed natural gas (CNG) and liquified petroleum gas (LPG). OMVL currently collaborates with global manufacturers of motor vehicles, including Volkswagen and PSA Peugeot Citroën, with sales in Europe, the Americas and Australasia. OMVL has production and distribution capabilities in Europe, South America, Australia, and China.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2010) 1 of 1
Mergr

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