An announcement from Westport Fuel Systems ( (TSE:WPRT) ) is now available.
On March 31, 2025, Westport Fuel Systems announced an agreement to sell its Light-Duty segment to Heliaca Investments for $73.1 million, with potential earnouts of up to $6.5 million. This strategic divestiture allows Westport to focus on hard-to-decarbonize mobility and industrial applications, leveraging its HPDI technology and Cespira joint venture. The transaction is expected to strengthen Westport’s balance sheet, support growth initiatives, and enhance operational efficiency, positioning the company for sustainable growth and long-term stakeholder value.
More about Westport Fuel Systems
Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Headquartered in Vancouver, Canada, the company operates in Europe, Asia, North America, and South America, serving customers in approximately 70 countries with leading global transportation brands.
YTD Price Performance: 0.52%
Average Trading Volume: 40,549
Technical Sentiment Signal: Strong Buy
Current Market Cap: $67.2M
See more data about WPRT stock on TipRanks’ Stock Analysis page.