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Westport Makes Acquisition Deal with Clean Energy

Natural_Gas_Vehicle_NCDs.jpg

Westport Innovations Inc. has acquired BAF Technologies, Inc. (BAF) and its subsidiary, ServoTech Engineering, Inc. (ServoTech), 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 says it will create the largest product portfolio and market presence in the North American light duty natural gas vehicle space.

Jul 7, 2013tedroberts
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