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Fuel Systems Solutions and Westport Innovations have merged to create Westport Fuel Systems

Fuel Systems Solutions and Westport Innovations have merged to create Westport Fuel Systems ("Westport").  If you are looking for a particular product brand, visit Our Brands page for more information.

Westport engineers, manufactures and supplies the world’s most advanced alternative fuel systems and components. More than that, Westport is fundamentally changing the way the world travels the roads, rails and seas.

From passenger vehicles to heavy-duty trucks to locomotives, and marine applications to stationary power, Westport’s innovative and cost-effective solutions maintain performance while improving efficiency and reducing emissions.

Westport boasts a rich legacy in research and development ("R&D"), and combined production expertise. A strong and diverse company, it offers a variety of leading brands across transportation and industrial applications.

Westport is a global company with state-of-the art facilities on five continents and a leading distribution network serving customers in over 70 countries, including more than 100 original equipment manufacturers ("OEMs"). This geographic footprint means that the organization possesses local expertise, has an almost 24-hour presence, and is able to serve the world’s largest and fastest growing markets. 

Westport is leading the way as one of the most advanced technology and manufacturing companies in the world. It will continue to deliver cutting-edge products and invest in R&D to best serve customers now and into the future.

News Releases

On June 1, 2016, Westport Innovations Inc. and Fuel Systems Solutions, Inc. officially merged to create Westport Fuel Systems Inc., a premier, global company for the engineering, manufacturing and supply of alternative fuel systems and components.

Read all related news releases »

Questions & Answers

+What was the merger agreement that has taken place?

Westport and Fuel Systems Solutions have merged. This transaction combines two alternative fuel industry companies both rich in technology innovation and with proven track records of manufacturing, production and sales. The merger unites a variety of leading brands in the transportation and industrial applications space. Customers and other stakeholders benefit from state-of-the art facilities on five continents and a leading distribution network serving customers in over 70 countries, including more than 100 original equipment manufacturers ("OEMs"). This geographic footprint means that the organization possesses local expertise, has an almost 24-hour presence, and is able to serve the world’s largest and fastest growing markets.

+What are the reasons and benefits of the merger?

The two companies have merged to create a premier, global alternative fuel systems and components company with expanded product solutions, a fortified global footprint with efficient, world-wide operations and a core focus in developing next generation technology. We believe there is significant potential for improved profitability even in current volatile market conditions, including untapped savings and merger synergies. 

  • Scale – The combined company is expected to deliver the scale and expertise to compete effectively, grow, and deliver strong shareholder returns.
  • Strength – The combined company is expected to benefit from a strengthened balance sheet and enhanced liquidity, and to be positioned for continued investment and long-term financial stability.
  • Global reach – The combined company will have a broad global reach enabling it to best serve customers and distributors. It will offer state-of-the-art facilities on five continents and a distribution network serving 70 countries, including the world’s largest and fastest-growing markets.
  • Enhanced R&D and product development – The Merger will combine Westport's expertise in medium- and heavy-duty, and high horsepower applications with Fuel Systems' core focus and development efforts in automotive and industrial applications.
  • Deep OEM relationships – Both companies have built long-standing relationships with original equipment manufacturers (“OEMs”).

+What happens to Westport common shares in the merger?

Nothing. Each currently outstanding Westport common share held by you will remain outstanding as a Westport common share after the merger, and will continue to be listed on The NASDAQ Stock Market and the Toronto Stock Exchange ("TSX").

+What do Fuel Systems stockholders receive in the merger?

Fuel Systems shareholders receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned.

+Where will the headquarters for the new combined company be?

The combined company will continue trading on both the TSX and NASDAQ under the Westport Fuel Systems name and be headquartered in Vancouver, Canada.

Additional Information

Westport Investor Relations

+1 604-718-2046
invest@westport.com