NetworkNewsBreaks – Westport Fuel Systems, Inc. (NASDAQ: WPRT) Closes IMPCO Auxiliary Power Unit Assets Sale
Shares of Westport Fuel Systems’ (NASDAQ: WPRT) nudged higher today on word that the company has closed the sale of the assets of its IMPCO Auxiliary Power Unit (APU) business. After adjusting for projected net working capital, transaction costs, hold back amounts and other deal-related expenses, the net proceeds to Westport Fuel Systems were approximately $60 million. Additionally, the company has entered into an agreement with the purchaser to supply APU systems and parts for about five months. To view the full press release, visit: http://nnw.fm/4DCtD About Westport Fuel Systems Westport Fuel Systems is a company comprised of inventors, engineers,…