Westport Fuel Systems Tuesday announced the successful closing of the previously announced transaction to divest its Light-Duty segment and outlines its strategic vision for future growth, emphasizing expansion of market share, entering new markets and right sizing its current operations.
Westport has closed the sale of the Light-Duty segment to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A., a Netherlands based investment firm supported by Ramphastos Investments Management B.V., a prominent Dutch venture capital and private equity firm. The transaction, initially announced on March 31, 2025, includes the sale of Westport Fuel Systems Italia S.r.l., encompassing the Light-Duty OEM, delayed OEM, and independent aftermarket businesses.
Westport states Total consideration for the assets was a base price of approximately $79.5 million (€67.7 million), subject to certain adjustments, along with potential earnouts of up to a revised estimate of $3.9 million (€3.3 million) based on future performance milestones.
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“The successful completion of the disposition of our Light-Duty Segment marks a pivotal step in strengthening our balance sheet,” says Dan Sceli, CEO of Westport Fuel Systems. “More importantly, it allows Westport to sharpen our focus on the larger, higher-growth opportunities ahead, including providing the most economical solutions for heavier duty and high horse power commercial mobility and industrial applications that also deeply decarbonize these challenging segments – where we believe our products and technologies can deliver the greatest value.”
With the successful completion of the Light-Duty segment divestiture, Westport states it is taking the necessary steps to execute on a new and focused integrated business strategy. The company recognizes the evolving macroeconomic environment and is positioning itself to capitalize on renewed market momentum, drive operational excellence, and deliver on key financial objectives.
“The transportation landscape is shifting, and customer demand for cleaner, smarter, and more sustainable solutions continues to accelerate,” says Sceli. “We’re seeing renewed attention on CNG and LNG fuelled platforms and Westport is uniquely positioned to deliver the necessary products and technologies. By leveraging our core strengths in fuel-agnostic, high-pressure fuel systems, we aim to meet growing market demand and provide our customers with reliable solutions that perform — and in many cases are more affordable than the incumbant engines.”
