Westport Fuel Systems Italia has signed a strategic agreement with Landi Renzo for value creation in sustainable mobility.

Westport Fuel Systems Italia S.r.l. (“WFSI”), part of  Heliaca Investments Coöperatief U.A. (“Heliaca Investments”), a family-owned investment company based in the Netherlands, today announces the signing of a strategic investment agreement with Landi Renzo S.p.A. (“Landi Renzo”)  to combine Landi Renzo’s “Green Transportation” business segment (“GT Business”) with WFSI .

This transaction brings together two highly complementary companies to create a scaled, technology-driven leader in alternative fuel systems and components, better positioned to capture accelerating demand for sustainable mobility solutions globally.

The scope of the transaction excludes Landi Renzo’s Indian joint venture with Krishna Group, Landi Technologies USA, and  other smaller international entities, which will remain within the  Landi Renzo Group, together with SAFE S.p.A.

The transaction, executed within the framework of Landi Renzo and Metatron’s restructuring process under the Negotiated Crisis Settlement procedure (“CNC”), will be implemented through:

• the partial demerger of the GT Business into a newly incorporated entity (“NewCo”), owned 100% by Landi Renzo
• the contribution of NewCo to WFS Italia, and 
• the subsequent merger by incorporation of NewCo into WFS Italia. 

Upon completion, Landi Renzo will retain a 15% minority share, subject to adjustments, in WFSI, ensuring alignment on future performance and value creation.

A platform for growth and market leadership

The combination creates a stronger, more resilient company with enhanced scale and deeper technological capabilities. By integrating complementary product portfolios and customer bases, the combined entity is well positioned to:

• accelerate revenue growth across core markets around the world, 
• increase market share across OEM’s, car importers (D-OEM), systems installer of used and new vehicles (Aftermarket) and 
• advance innovation in alternative fuel technologies. 

The enlarged group will benefit from a broader geographic footprint and strengthened customer and supplier relationships, improving its ability to capitalize on structural growth trends and address the demands of the energy transition.

Closing is expected in Q4 2026, subject to customary conditions.

Strategic rationale

For WFSI , the transaction is a direct continuation of the strategic trajectory established following its separation from Westport Fuel Systems Inc. last year, representing a decisive step toward scaling its industrial platform and strengthening  its position in the sustainable mobility market.

Bart van Aerle CEO WFS “The combination of Landi Renzo’s Green Transportation business with Westport Fuel Systems Italia will enable us to better serve our customers and further strengthen our position in the alternative fuels segment. This marks an important new step following our separation from Westport Fuel Systems Inc. Canada last year and is fully aligned with the strategy defined by the new management team together with Heliaca Investments. We look forward to working closely with Landi Renzo to unlock the full potential of this integration and to further advance sustainable mobility solutions.”