News Tagged with Acquisition

    March 6, 2012

    Westport Announces Intention to Acquire Certain Assets of Advanced Engine Components Limited of Australia

    Westport has entered into a business sale agreement to purchase certain assets of Advanced Engine Components Limited (AEC) of Perth, Western Australia, for A$1.45 million (approximately US$1.6 million) to be paid in cash and assumed liabilities. Upon successful completion of the transaction, Westport will acquire AEC's Australian business assets including its intellectual property, key contracts, inventory and fixed assets.

    financial acquisition
    October 12, 2011

    Westport Acquires Alternative Fuel Vehicle Sweden AB, European Natural Gas System Supplier to Volvo Cars; Acquisition Marks Continued Expansion into Growing Automotive Segment for Global Leader in Natural Gas Engines

    Westport has acquired Alternative Fuel Vehicle Sweden AB (AFV) of Gothenburg, Sweden for approximately SEK 51 million (approximately US$7.6 million). AFV is the sole supplier of natural gas fuel systems to Volvo Car Company.

    acquisition partnerships automotive products
    July 5, 2011

    Westport Closes Acquisition of Emer S.p.A.; Previously Announced Acquisition Closes on Schedule

    Westport has completed the purchase of Emer S.p.A. (Emer), of Brescia, Italy. After deduction of certain amounts contractually agreed upon, Westport, at closing, paid approximately Euro 25.6 million (approximately US$37.2 million), which consisted of Euro 12.1 million (US$17.6 million) in cash and 881,860 shares of Westport.

    acquisition automotive financial
    June 8, 2011

    Westport Announces Intention to Acquire Emer S.p.A. of Italy

    Westport will purchase Emer S.p.A. (Emer),of Brescia, Italy for Euro 27 million (approximately US$39.6 million) through a combination of stock and cash, plus the assumption of approximately Euro 53 million in existing net debt within Emer.

    acquisition automotive financial
    July 2, 2010

    Westport Acquires OMVL of Italy and 100% of Juniper Engines for €19 Million; Accretive Acquisition Expected to Add Approximately US$25M in Revenue and Launch Light-Duty Automotive Strategy for Westport's Juniper Engines

    Westport has secured a funding commitment of C$2.3 million from Sustainable Development Technology Canada (SDTC) to develop Westport HD technology for high-horsepower applications.

    acquisition automotive

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