Alternative fuel vehicle companies to merge

Westport Innovations Inc. and Fuel Systems Solutions Inc. entered into a merger agreement to create an alternative fuel vehicle and engine company.

Westport engineers high-performance, low-emission fuel systems and vehicle technologies, including some systems for propane autogas. Fuel Systems Solutions Inc. designs, manufactures and supplies alternative fuel components and systems. The merger combines 17 brands in the automotive and industrial space.

Westport says the combined company will benefit from its complementary product solutions, and its combined revenue outlook this year will range from $380 million to $405 million.

The new entity will conduct business in more than 70 countries under the name Westport Fuel Systems and offer a new business unit called Fuel Systems Automotive and Industrial Group.