Westport Announces Closing of Previously Announced Light-Duty Segment Divestiture
Westport Fuel Systems (NASDAQ:WPRT) has successfully completed the divestiture of its Light-Duty Segment to Heliaca Investments for approximately $79.5 million, with potential earnouts of up to $3.9 million based on performance milestones.
The transaction includes the sale of Westport Fuel Systems Italia S.r.l., comprising the Light-Duty OEM, delayed OEM, and independent aftermarket businesses. This strategic move allows Westport to focus on larger, higher-growth opportunities in heavy-duty and high horsepower commercial mobility and industrial applications.
Following the divestiture, Westport will concentrate on three key areas: Cespira for heavy-duty transportation, High Pressure Controls and Systems for multiple powertrain platforms, and Financial Initiatives to balance market opportunities and conditions.
Westport Fuel Systems (NASDAQ:WPRT) ha completato con successo la cessione del proprio segmento Light-Duty a Heliaca Investments per circa 79,5 milioni di dollari, con potenziali earnout fino a 3,9 milioni di dollari basati su specifici obiettivi di performance.
L’operazione comprende la vendita di Westport Fuel Systems Italia S.r.l., che include le attività Light-Duty OEM, delayed OEM e il mercato aftermarket indipendente. Questa mossa strategica consente a Westport di concentrarsi su opportunità più ampie e ad alto potenziale di crescita nei settori heavy-duty e ad alta potenza per la mobilità commerciale e applicazioni industriali.
Dopo la cessione, Westport si focalizzerà su tre aree principali: Cespira per il trasporto heavy-duty, High Pressure Controls and Systems per diverse piattaforme powertrain e iniziative finanziarie per bilanciare le opportunità e le condizioni di mercato.
Westport Fuel Systems (NASDAQ:WPRT) ha completado con éxito la venta de su segmento Light-Duty a Heliaca Investments por aproximadamente 79,5 millones de dólares, con posibles pagos adicionales de hasta 3,9 millones de dólares basados en hitos de rendimiento.
La transacción incluye la venta de Westport Fuel Systems Italia S.r.l., que comprende los negocios Light-Duty OEM, delayed OEM y el mercado independiente de posventa. Esta decisión estratégica permite a Westport centrarse en oportunidades más grandes y de mayor crecimiento en movilidad comercial pesada y aplicaciones industriales de alta potencia.
Tras la venta, Westport se enfocará en tres áreas clave: Cespira para transporte pesado, High Pressure Controls and Systems para múltiples plataformas de tren motriz, e Iniciativas Financieras para equilibrar oportunidades y condiciones de mercado.
Westport Fuel Systems (NASDAQ:WPRT)는 약 7,950만 달러에 달하는 Light-Duty 부문을 Heliaca Investments에 성공적으로 매각했으며, 성과 달성에 따라 최대 390만 달러의 추가 수익도 기대할 수 있습니다.
이번 거래에는 Light-Duty OEM, 지연 OEM, 독립 애프터마켓 사업을 포함하는 Westport Fuel Systems Italia S.r.l.의 매각이 포함되어 있습니다. 이 전략적 결정으로 Westport는 중장비 및 고출력 상업용 모빌리티와 산업용 애플리케이션에서 더 크고 성장 잠재력이 높은 기회에 집중할 수 있게 되었습니다.
매각 이후 Westport는 중장비 운송을 위한 Cespira, 다양한 파워트레인 플랫폼을 위한 High Pressure Controls and Systems, 그리고 시장 기회와 조건을 조율하는 금융 이니셔티브 등 세 가지 핵심 분야에 집중할 예정입니다.
Westport Fuel Systems (NASDAQ:WPRT) a finalisé avec succès la cession de son segment Light-Duty à Heliaca Investments pour environ 79,5 millions de dollars, avec des éventuels compléments de prix pouvant atteindre 3,9 millions de dollars en fonction des objectifs de performance.
La transaction inclut la vente de Westport Fuel Systems Italia S.r.l., qui comprend les activités Light-Duty OEM, delayed OEM et le marché indépendant de l'après-vente. Cette décision stratégique permet à Westport de se concentrer sur des opportunités plus importantes et à forte croissance dans les secteurs du transport lourd et des applications industrielles à haute puissance.
Suite à cette cession, Westport se concentrera sur trois domaines clés : Cespira pour le transport lourd, High Pressure Controls and Systems pour plusieurs plateformes de groupes motopropulseurs, et des initiatives financières pour équilibrer les opportunités et conditions du marché.
Westport Fuel Systems (NASDAQ:WPRT) hat den Verkauf seines Light-Duty-Segments an Heliaca Investments erfolgreich abgeschlossen und dafür rund 79,5 Millionen US-Dollar erhalten, mit möglichen Earnouts von bis zu 3,9 Millionen US-Dollar basierend auf Leistungsergebnissen.
Die Transaktion umfasst den Verkauf von Westport Fuel Systems Italia S.r.l., einschließlich der Light-Duty OEM-, delayed OEM- und unabhängigen Aftermarket-Geschäfte. Dieser strategische Schritt ermöglicht es Westport, sich auf größere und wachstumsstärkere Chancen im Bereich Schwerlast- und Hochleistungsanwendungen für kommerzielle Mobilität und Industrie zu konzentrieren.
Nach der Veräußerung wird sich Westport auf drei Kernbereiche fokussieren: Cespira für den Schwerlastverkehr, High Pressure Controls and Systems für verschiedene Antriebsplattformen und Finanzinitiativen zur Balance von Marktchancen und -bedingungen.
- None.
- Complete exit from light-duty market segment reduces revenue diversification
- Execution risks associated with business restructuring and strategic shift
Insights
Westport's $79.5M Light-Duty segment sale strengthens balance sheet while pivoting toward higher-growth heavy-duty transportation markets.
Westport's successful divestiture of its Light-Duty segment represents a strategic pivot with significant financial implications. The transaction, valued at approximately
This transaction appears well-timed from a strategic perspective. By divesting the Light-Duty OEM, delayed OEM, and independent aftermarket businesses, Westport has shed what were likely lower-margin operations to concentrate on larger-scale opportunities where its fuel system technologies can deliver superior value. The transaction effectively narrows the company's focus to three key areas: Cespira (heavy-duty transportation and off-road applications), High Pressure Controls and Systems (supporting multiple powertrain platforms), and financial initiatives to balance growth with market conditions.
The strategic realignment positions Westport to capitalize on increasing demand for alternative fuel systems in commercial and industrial applications, where decarbonization efforts face significant technical challenges but offer substantial growth potential. Management's emphasis on "economical solutions" suggests a dual focus on environmental benefits and cost-effectiveness – a compelling value proposition in the current market environment where both emissions reduction and operational efficiency are priorities.
Investors should note that while this divestiture streamlines operations, execution of the new strategy will be crucial. The company has indicated it's undertaking a "comprehensive internal process" to maximize economic benefits from the transaction, suggesting further organizational changes may be forthcoming when Q2 results are announced on August 11.
Company sharpens strategic focus on providing affordable, fuel-agnostic solutions that drive real climate benefits and future growth for the Company
VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX:WPRT / Nasdaq:WPRT), today 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.
Today, Westport closed the sale of the Light-Duty Segment to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. (“Heliaca Investments”), a Netherlands based investment firm supported by Ramphastos Investments Management B.V., a prominent Dutch venture capital and private equity firm (the “Transaction”). 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. Total consideration for the assets was a base price of approximately
“The successful completion of the disposition of our Light-Duty Segment marks a pivotal step in strengthening our balance sheet,” said Dan Sceli, Chief Executive Officer 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.”
The New Westport
With the successful completion of the Light-Duty Segment divestiture, Westport 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,” added 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.”
During the upcoming Q2 financial results conference call, Westport will be covering additional details about the transaction and Westport’s strategy ahead. We will focus on key priorities, including:
- Cespira: Strategic market expansion and technology leadership in heavy-duty transportation and off road high horse power mobility
- High Pressure Controls and Systems: Complementing the energy transition with versatile solutions that support multiple powertrain platforms
- Westport Financial Initiatives: Balancing opportunity scale, execution performance, and dynamic market conditions
Westport’s key focus going forward recognizes both the opportunities and headwinds in overall market conditions. We have initiated a comprehensive internal process to review additional ways to maximize our economic benefit from this recent transaction for our stakeholders. We look forward to providing additional insight and updates when we report Q2 2025 results on Monday, August 11, 2025, after market close.
About Westport Fuel Systems
Westport is a technology and innovation company connecting synergistic technologies to power a cleaner tomorrow. As a leading supplier of affordable, alternative fuel, low-emissions transportation technologies, we design, manufacture, and supply advanced components and systems that enable the transition from traditional fuels to cleaner energy solutions.
Our proven technologies support a wide range of clean fuels – including natural gas, renewable natural gas, and hydrogen – empowering OEMs and commercial transportation industries to meet performance demands, regulatory requirements, and climate targets in a cost-effective way. With decades of expertise and a commitment to engineering excellence, Westport is helping our partners achieve sustainability goals – without compromising performance or cost-efficiency – making clean, scalable transport solutions a reality.
Westport Fuel Systems is headquartered in Vancouver, Canada. For more information, visit www.westport.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the anticipated benefits of the Transaction, including potential earn-out payments, the ability to strengthen our balance sheet, the ability to capitalize on higher-growth opportunities, and our expectations regarding the future success of our business. Other forward-looking statements included in the release include those relating to Westport’s future strategic plans, business opportunities and use of the Transaction proceeds. These statements are neither promises nor guarantees but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activities, performance, or achievements expressed in or implied by these forward-looking statements. These risks, uncertainties, and assumptions include those related to governmental policies, regulation and approval, the achievement of the performance criteria required for the earnout described above, purchase price adjustments contained in the Agreement, the demand for our products, as well as other risk factors and assumptions that may affect our actual results, performance, or achievements, as discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward-looking statements except as required by National Instrument 51-102. The contents of any website referenced in this press release are not incorporated by reference herein.
Investor Inquiries:
Investor Relations
T: +1 604-718-2046
E: invest@westport.com
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