‘Innovative, Global Leader in Alternative Fuel, Engine and
Westport Fuel Systems, Inc. Is the New Name for the Combined Company
Westport Fuel Systems is the new name of the combined Westport Innovations and Fuel Systems Solutions, Inc. as completion of their merger was disclosed yesterday. The marriage, states a release, results in an “innovative, global leader in alternative fuel, engine and
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With Fuel Systems ‘Surviving the Merger as a Wholly Owned Subsidiary’
Westport Innovations reports that its marriage with Fuel Systems Solutions, Inc. is going forward, as the proposal has satisfied the requirements of the U.S. Hart-Scott-Rodino legislation. “There is no further antitrust clearance required to close the transaction,” Westport said last week.
Westport Innovations and Fuel Systems Solutions, Inc. said early last month that they plan to merge, projecting combined 2015 revenue ranging from $380 million to $405 million.
FSSI is the parent of natural gas vehicles developer and upfitter Impco Automotive, of BRC and FuelMaker for NGV fueling equipment, and other brands. The merger with Westport was announced on September 1 (F&F, September 1).
Westport has formed a subsidiary called Whitehorse Merger Sub, which is to “merge with and into Fuel Systems, with Fuel Systems surviving the merger as a wholly owned subsidiary of Westport.”
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Source: Westport with Fleets & Fuels follow-up
February 24, 2012 in CNG
, NGVs by rich | No Comments
Fuel Systems Solutions, Inc. (NASDAQ:FSYS) has made another acquisition, this time from Dresser Italia, augmenting FSSI’s BRC, BRC FuelMaker, Impco Automotive, NaturalDrive, GFI and other brands with Cubogas natural gas vehicle methane compression units.
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