Canadian gas engines specialist Westport Innovations has acquired Netherlands-based alternative fuel conversion systems developer Prins Autogassystemen Holding for eur 12.2 million.
Prins – which specialises in dual-fuel LPG (liquefied petroleum gas), CNG (compressed natural gas) and LNG (liquefied natural gas) for light-, medium-, and heavy-duty diesel trucks – will now run under the Westport Applied Technologies business unit.
"Prins' globally respected product line, their strong track record in continuous innovation and new product introductions, combined with its OEM relationships complement our products and OEM coverage ... for alternative fuels solutions," states Mehran Rahbar, executive vice president, On-Road Systems & Applied Technologies, at Westport.
"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," he continues.
"Westport is the leader in natural gas technologies and well respected by engine and vehicle OEMs in the industry," comments Bart van Aerle, CEO of Prins.
"Together, we can create the best-in-class alternative fuel systems across multiple fuel platforms and deliver on superior technology and performance characteristics."
