Westport Fuel Systems Inc. (WPRT) inked a deal to acquire Stako sp. z o.o. (Stako) for €5 million. Stako is a global manufacturer of LPG fuel storage systems. It is a subsidiary of Worthington Industries Inc. and its portfolio includes 1,000 models of LPG storage tanks. Westport Fuel Systems CEO David M. Johnson said, “The acquisition of Stako represents a fundamental step towards our ability to supply completely integrated fuel systems. As a foremost global supplier of alternative fuel systems, we are well-positioned to offer a range of industry-leading solutions to prominent global OEMs.
https://www.tipranks.com/news/westport-to-snap-up-stako-for-e5m-street-says-buy
Westport Fuel Systems (NASDAQ:WPRT)
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