M&A Deal Summary

Westport Acquires OMVL

On July 2, 2010, Westport acquired automotive company OMVL for 11M EUR

Acquisition Highlights
  • This is Westport’s 2nd transaction in the Automotive sector.
  • This is Westport’s 2nd largest (disclosed) transaction.
  • This is Westport’s 1st transaction in Italy.

M&A Deal Summary
Date 2010-07-02
Target OMVL
Sector Automotive
Buyer(s) Westport
Deal Type Add-on Acquisition
Deal Value 11M EUR

Target

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.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 (Add-on Acquisition) 1 of 4
Country (Italy) 1 of 2
Year (2010) 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-02 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.

Buy €8M
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
Mergr

Product

Company

Legal