Westport Fuel Systems Inc., a global company for the engineering, manufacturing, and supply of alternative fuel systems and components, says it has completed the merger between Westport Innovations Inc. and Fuel Systems Solutions Inc.
According to Westport Fuel Systems, shareholders of both companies approved the merger at separate special meetings of shareholders.
The merged company will be named Westport Fuel Systems Inc. and will bring together a mix of products, technology, and research and development; strong customer relationships; and talented employees to better serve the alternative fuel, engine and vehicle sector.
“In the coming months, we will relentlessly focus on creating value for our customers and shareholders by capturing cost synergies as well as leveraging our deep original equipment manufacturer relationships, scale and global reach,” says David Demers, CEO of Westport Fuel Systems. “We are excited to work together as one company to create a strong platform for growth in all of our active markets.”