In the future, Westport is planning to fully concentrate on offering affordable solutions for difficult to decarry of mobility and industrial applications, centered around the unique opportunities created by the HPDI technology and our Cespira Joint Venture. The transaction also strengthens the balance of Westport and enables Westport to consider strategic acquisition possibilities that are consistent with the aforementioned strategic focus and expand its runway to finance growth in the short term.
“This transaction marks an important milestone in our evolution as an alternative company for fuel system. Stroomline Our activities, our focus on innovation and create long -term value for our stakeholders.
According to the conditions of the agreement, Heliaca Investments will acquire the light segment of Westport through its subsidiary, including the related assets and customer contracts. The transaction is subject to the approval of the shareholders and other usual closing conditions and is expected to close in the Late Q2 of 2025.
The proceeds from the proposed transaction are expected to significantly improve financial stability, while also supporting the most important growth initiatives that are aimed at offering solutions for difficult to decar bear mobility and industrial applications. After closure, Westport is planning to coordinate its cost structure to reflect more a smaller, more efficient organization, while he is also looking for further opportunities for efficiency buyers.
Strategic transformation
The proposed rejection is a crucial step to re -concentrate Westport on its competing strengths. Westport continues to be committed to offering affordable, alternative fuel solutions for the heavy truck, off-road and industrial markets. Westport is of the opinion that hydrogen will play a role in the long -term mobility applications in the long term. The products of Westport, however, are timeline-agent, so that the company can use its high-pressure controls and system segment and its interest in Cespira, both of which now have solutions available, to have intended solutions in the future, to tackle the net zero and low carbon fuels and at the same time offer affordable solutions. Creating the remaining assets of Westport, in combination, the potential for fuel -canasting high -pressure storage solutions, as a supplement to the growth tracks of HPDI and Cespira.
As the hydrogen ecosystem evolves, Westport regards the natural gas market, including LNG, CNG and RNG as our foundation, with a strong economy in many regions and various growth opportunities. The GFI products of the company are already on a global scale on a branch and supported by intellectual property rights that are expected to strengthen us considerable competitive advantage in high-pressure fuel solutions.
In addition, the company will consider strategic merger and acquisition possibilities that are in line with the Strategic Focus reconciled.
Create focus
The revival of natural gas and renewable natural gas offers a market chance for Westport worldwide. Although HPDI technology is particularly well positioned and located in Europe, the Noord -American market offers many growth opportunities. North America again embraces natural gas and renewable natural gas as an important part of the solution to reduce the costs and carbon footprint of heavy long distance. Natural gas infrastructure is abundant and the RNG production is growing.
While we are waiting for the acceptance of hydrogen, both Cespira and our high -pressure controls and system segment have products and technologies that make the use of fuels with lower carbon -poors possible today. The same products are as viable in the future as the acceptance of hydrogen increases. In the short term, our high-pressure controls and system activities have expertise in high-pressure components, making the possibility to quickly develop CNG high-pressure solutions for heavy, off-road and industrial applications, which offer effective solutions for disconnection by using alternative fuels, while today they can use the hand of alternative fuels. In addition, the company has extensive assets of intellectual property with regard to high-pressure fuels for HPDI engines. These initiatives are designed to strengthen Westport’s competitive position and to strengthen its role in promoting low -carbon fuel solutions for difficult to decar bear mobility applications.
Advisers
JP Morgan acts as a financial adviser to Westport and gives the Board of Directors an honesty in connection with the transaction. Bennett Jones LLP and Delfino Willkie act as legal advisers for Westport, and E&Y acts as a tax adviser of the company.
Gianni & Origoni, NautaDutilh, Wardyński & Partners and PWC advise Heliaca investments in connection with the transaction.
About Westport -Fuel systems
At Westport Fuel Systems we lead innovation to provide a cleaner power tomorrow. We are a leading supplier of advanced fuel declaration components and systems for clean, low -carbon fuels such as natural gas, renewable natural gas, propane and hydrogen for the global transport industry. Our technology delivers the performance and fuel efficiency required by transport applications and the environmental benefits that relate to climate change and challenges in the field of air quality. With headquarters in Vancouver, Canada, with activities in Europe, Asia, North -America and South America, we serve our customers in around 70 countries with leading global conveyor brands. At Westport Fuel Systems we think ahead. For more information, visit www.wfsinc.com.
Warning remark about future -oriented statements
This press release contains future -oriented statements, including statements regarding the closure of and timing for closing the transaction, approval of the shareholders of the transaction, the expected benefits of the transaction, including potential merit payments, the transaction that relieves liquidity problems, the possibility to strengthen our balance and reinforce and strengthen our balance and balance and reinforce Line our cost structure The ability to take advantage Growth -initiatives, including fund strategic acquisitions, The ability to switch to a smaller, more efficient organization and our expectations with regard to the future success of our company, the acceptance of hydrogen and the future growth and development of HPDI. Other future -oriented statements included in the release include those with regard to the future strategic plans of Westport, business opportunities and the use of the transaction revenues. These statements are neither promises nor guarantees, but have known and unknown risks and uncertainties and are based on both the views of management and the assumptions that can differ from our real results, levels of activity, performance or performance from future results, levels of activities, performance, performance, performance, performance or performance. Deze risico’s, onzekerheden en veronderstellingen omvatten die met betrekking tot de voltooiing en tevredenheid van alle voorwaarden tot het sluiten van de transactie die is uiteengezet in de overeenkomst, overheidsbeleid, regelgeving en goedkeuring, de prestatie van de prestatiecriteria vereist voor de hierboven beschreven hierboven beschreven, aankoopprijsaanpassingen in de overeenkomst, de vraag naar de overeenkomst, de vraag naar onze werkelijke resultaten, als een andere risicofactoren, als een andere Risk factors, as other risk factors and other in our most recent annual information form and other files with securities regulations. Readers are not allowed to place unnecessary dependence on such future -oriented statements, which only speak on the date they were done. We point out to any obligation to publicly update or revise such statements to reflect a change in our expectations or in events, conditions or circumstances on which such statements may be based, or that can affect the chance that the actual results will differ from those in these future-oriented statements except as required by National instrument 51-102. The content of a website to which this press release is referred to is not included by referral .
Investor applications:
Investor relationships
T: +1 604-718-2046
E: Invest@wfsinc.com
#Windfall #Mining #Group #reaches #milestone #development #Quebec