![]() Client Work Westport Announces Agreement to Divest the Light-Duty Segment for US$73.1 MillionApril 9, 2025 Authors Bruce A. HibbardPartner J. Sébastien A. GittensPartner, Trademark Agent Julia N. PasiekaAssociate Adam WeryhaAssociate Westport Fuel Systems Inc. has entered into a binding agreement to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, including the light-duty OEM, delayed OEM, and independent aftermarket businesses, 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 prominent Dutch venture capital and private equity firm. The transaction provides for a base purchase price of US$73.1 million, subject to certain adjustments, and potential earnouts of up to an estimated US$6.5 million if certain conditions are achieved, in accordance with the terms of the agreement. Bennett Jones is acting as Canadian legal advisor to Westport. The Bennett Jones team is led by Bruce Hibbard (M&A) and includes Sebastien Gittens (Intellectual Property), Julia Pasieka and Adam Weryha (M&A). Read the transaction press release. Republishing Requests For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com. For informational purposes only This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors. AuthorsBruce A. Hibbard, Partner Calgary • 403.298.8141 • hibbardb@bennettjones.com J. Sébastien A. Gittens, Partner, Trademark Agent Calgary • 403.298.3409 • gittenss@bennettjones.com Julia N. Pasieka, Associate Calgary • 403.298.3441 • pasiekaj@bennettjones.com Adam Weryha, Associate Calgary • 403.298.3344 • weryhaa@bennettjones.com |