Fuel Systems Solutions: Merger with Westport approved
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Fuel Systems Solutions, Inc. (“Fuel Systems” or “the Company”) (FSYS) announced that at the Company’s special meeting of stockholders Fuel Systems stockholders voted to approve the Company’s proposed merger with Westport Innovations Inc. ("Westport") (TSX: WPT / Nasdaq: WPRT).
With the approval by Fuel Systems stockholders, all approvals required to complete the proposed merger have been received. Fuel Systems and Westport expect to complete the transaction on June 1, 2016.
About Fuel Systems Solutions
Fuel Systems Solutions (FSYS) is a leading designer, manufacturer and supplier of proven, cost-effective alternative fuel components and systems for use in transportation and industrial applications. Fuel Systems' components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas, used in internal combustion engines. These components and systems feature the Company's advanced fuel system technologies, which improve efficiency, enhance power output and reduce emissions by electronically sensing and regulating the proper proportion of fuel and air required by the internal combustion engine. In addition to the components and systems, the Company provides engineering and systems integration services to address unique customer requirements for performance, durability and configuration. Additional information is available at www.fuelsystemssolutions.com.