WESTPORT FUEL SYSTEMS begins a new chapter with new ownership and new leadership
Cherasco, Italy, July 30, 2025 – Westport Fuel Systems Italia, together with its affiliates in the Netherlands (Prins), Poland (Stako), Argentina (TA Technology), and the MWTL joint venture in India, has formally separated from Westport Fuel Systems Inc., based in Vancouver, Canada. This transaction represents a significant milestone in the group’s evolution, enabling greater strategic focus, agility, and growth under the leadership of a new dedicated management team.
Bart van Aerle (Chief Executive Officer), Frank Spiniello (Chief Financial Officer), and Stefano Monaco (Chief Operating Officer) will lead Westport Fuel Systems Italia S.r.l. and its affiliates in this new phase. Headquartered in Cherasco, Italy, the group develops and supplies advanced systems and components for LPG, CNG, LNG, and H₂ for the OEM, DOEM, and AM sectors. Its main customers operate in the automotive, transportation, off-road, electronics, alternative fuel storage, and motorsport sectors, offering innovative, high-quality solutions that meet stringent emissions standards.
“Our separation from our Canadian parent company creates two completely independent legal entities, each with a clear mandate and strategic focus,” said CEO Bart van Aerle. “This transition opens up new opportunities for growth while ensuring complete continuity for our customers and suppliers. We will continue to operate under the Westport Fuel Systems name and brand, anchored by our core values of innovation, safety, quality, performance, and customer service.”
Westport Fuel Systems, the global leader in alternative fuel solutions.
Background:
Westport Fuel Systems Inc., based in Vancouver, British Columbia, Canada, hereinafter referred to as Westport, has sold its stake in Westport Fuel Systems Italia S.r.l., which comprises the Light-Duty segment, including the Light-Duty OEM brands and activities, Delayed OEM, and aftermarket, to an investment vehicle wholly owned by Heliaca Investments Coöperatief U.A. (“Heliaca Investments”), a family-owned investment company based in the Netherlands. This strategic transaction allows Westport Fuel Systems Italia to focus its resources exclusively on its core activities, strengthening the foundation for growth and the pursuit of new opportunities.
For more information about Westport, Cespira, GFI, and AFS, visit: www.westport.com
For Westport Fuel Systems, visit www.wfsinc.com or the websites of the relevant brands.
