Westport Acquires Dutch Alternative Fuel Provider
Westport Innovations has acquired Netherlands-based Prins Autogassystemen Holding B.V. (Prins) for 12.2 million Euro (approximately $15.1 million), the company announced Tuesday.
Prins is a developer of alternative fuel systems powered by liquefied petroleum gas (LPG, or propane), compressed natural gas (CNG), and liquefied natural gas (LNG) for light-, medium-, and heavy-duty applications. Prins operations in Europe will be combined under the Westport Applied Technologies business unit.
"Westport has a great deal of experience with natural gas direct injection and believes that the combination of Prins' and Westport's team and technologies will further strengthen Westport's dominant technology portfolio," said Mehran Rahbar, Westport's executive vice president of on-road systems and applied technologies.