Westport Innovations Acquires BAF Technologies, Subsidiary
Westport Innovations Inc. announced that it has acquired BAF Technologies, Inc. and its subsidiary, ServoTech Engineering, Inc., subsidiaries of Clean Energy Fuels Corp. for $25 million in Westport stock.
Westport and Clean Energy also announced a $5 million joint marketing and sales program.
Westport said the amalgamation will create the largest product portfolio and largest market presence in the North American light duty natural gas vehicle space. Specifically, Westport said the move secures its position as Ford’s largest partner under the Qualified Vehicle Modifier (QVM) program with over 10 products and approximately 150 Ford authorized dealerships. “BAF has established a strong portfolio of natural gas vehicle products and customers over the past decade,” said Ian Scott, executive vice president of Westport. “With natural gas increasingly seen as a major transportation fuel around the world, we believe the combination of these new teams’ market experience and Westport’s technologies, scalable manufacturing processes and quality control systems will help create the type of products needed to deliver an OEM-quality vehicle experience to our customers.”
BAF supports clients with vehicle conversions through the Ford QVM program and aftermarket conversion products, alternative fuel systems, application engineering, service and warranty support. ServoTech offers an engineering solution from initial concept phase to prototype hardware and final prove-out, including design and development of electronic products, software development, automotive exhaust simulation and testing, spark-ignition gasoline and diesel emissions technology, and offers technical training and education in a variety of subject areas.
Currently, Westport exclusively installs the natural gas Westport WiNG Power System on the Ford F-250 through F-550 series at its assembly center in Louisville, KY. Westport will continue to install the Westport WiNG Power System and the increased volume of orders expected through BAF will create economies of scale, and the BAF network will allow more flexibility in producing speciality configurations.