Ramphastos to acquire the light-duty OEM, delayed OEM, and independent aftermarket businesses of Westport Fuel Systems for $80m.

Ramphastos, a prominent Dutch venture capital and private equity firm, agreed to acquire the light-duty OEM, delayed OEM, and independent aftermarket businesses of Westport Fuel Systems, a supplier of advanced fuel delivery components and systems, for $80m. Moving forward, Westport intends to concentrate fully on providing aordable solutions for hard-to-decarbonize mobility and industrial applications, centered around the unique opportunities created by the HPDI technology and our Cespira joint venture. The Transaction also strengthens Westport’s balance sheet and enables Westport to consider strategic acquisition opportunities consistent with the above strategic focus and extend its runway to fund near-term growth.