Recently Canada-based Westport Innovations acquired Prins Autogassystemen. The Prins group is a leading developer of alternative fuel systems. Like Prins Autogassystemen Westport specialises in developing and manufacturing alternative fuel systems such as LPG, CNG and LNG. Van Doorne advised Westport, which is listed on the Canadian stock exchange, on the acquisition of the Prins Group from NPM Capital.
Westport expects the acquisition of Prins Autogassystemen to bring impressive synergy benefits and economies of scale such as cost-savings, joint sales and innovation. In addition, the acquisition will certainly strengthen the company's market position.