The Car and Truck Fleet and Leasing Management Magazine

Fuel Systems Solutions Closes FuelMaker Deal

June 08, 2009

SANTA ANA, CA --- Fuel Systems Solutions Inc. said it has completed the $7 million purchase of selected assets and CNG refueling technology from FuelMaker Corp. 

This acquisition includes the home refueling appliance marketed under the Phill brand. 

"We are excited to begin integrating our new technology, patents, certifications and products with our turn-key refueling equipment solutions," said Mariano Costamagna, CEO of Fuel Systems Solutions. "Naturally, we expect a transition period during which we will transfer certifications and production; however, management is committed to the continuity of service and production of Phill. 

"Over the past two years, we have selectively acquired complementary businesses that support our business and broaden our opportunity," Costamagna continued. "Our existing refueling solutions for large fleets and gas stations are augmented by the FuelMaker product line, which addresses both the consumer and smaller commercial markets. We are excited to continue to market and service Phill, which we believe we can deploy to existing markets using our global distribution network and original equipment manufacturer (OEM) relationships and to developing markets where the natural gas refueling infrastructure is limited, such as the United States." 

As part of the purchase, Fuel Systems Solutions has agreed to fulfill certain FuelMaker service obligations and has assumed certain outstanding purchase orders.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Agreement whereby in a closed-end lease, usually a full maintenance one, as a strategic commitment to the concept of true partnering with the customer, the leasing company makes all components of the rental calculation known to the lessee.

Read more

Alternative Fuel Locator

Use the Alternative Fuel Locator to find stations near you.

Launch Alternative Fuel Locator

Up Next

More From The World's Largest Fleet Publisher