Westport closes Light-Duty Segment divestiture

Westport Fuel Systems announced the successful closing of the sale of its 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 Dutch venture capital and private equity firm.

First announced on March 31, 2025, the sale includes 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 $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.

“The successful completion of the disposition of our Light-Duty Segment marks a pivotal step in strengthening our balance sheet,” said 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 horsepower 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 transaction completed, Westport said it will be able to focus on key priorities, including:

• Cespira: Strategic market expansion and technology leadership in heavy-duty transportation and off road high horsepower 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

“The transportation landscape is shifting, and customer demand for cleaner, smarter and more sustainable solutions continues to accelerate,” Sceli commented. “We’re seeing renewed attention on CNG and LNG-fueled 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 incumbent engines.”