Cartesian provides funding to newly formed Westport Fuel Systems
Westport Innovations Inc (TSX: WPT, Nasdaq: WPRT) has closed its previously-announced merger with Fuel Systems Solutions Inc. The deal creates a new Vancouver-based business focused on the alternative fuel, engine and vehicle sector called Westport Fuel Systems Inc. Westport also announced that it has received a US$17.5 million investment from U.S. private equity firm Cartesian Capital Group. Earlier this year, Cartesian agreed to provide the non-dilutive capital as part of an overall US$71.3 million investment in the company.
2 June 2016•5 mins read
