Carrier Transicold has signed an agreement to acquire certain IMPCO road and rail transport product lines, including the ComfortPro auxiliary power unit business from Westport Fuel Systems.
The acquisitions are aimed at strengthening Carrier Transicold’s energy efficient and sustainable auxiliary power solutions. It will allow the company to oversee the development, engineering, and manufacturing of the product lines and provide customer support through its dealer network.
“These product lines will enable Carrier Transicold to provide a superior line of APUs and battery comfort systems for trucks and APUs for locomotives,” said Tom Ondo, vice president and general manager, Carrier Transicold, Truck/Trailer/Rail Americas. “In addition to delivering a broad range of transport refrigeration solutions to our customers, with this acquisition, we are expanding our offerings to include anti-idling technologies that contribute to greater operator comfort as well as reduced fuel consumption while meeting operational and sustainability goals.”
The $70 million acquisition will be finalized in the next few weeks, according to Carrier Transicold, after which time the company will own all of Westport Fuel Systems’ APU business.
The divestiture is part of Westport’s efforts to streamline its business and product lines and focus on alternative fuel solutions.
"We are pleased to have completed this transaction as part of our portfolio review that began with the closing of the merger with Fuel Systems in June of 2016," stated Nancy Gougarty, CEO of Westport Fuel Systems. "After a careful assessment of the APU product line and its fit with the other Westport Fuel Systems businesses, we decided it made the most sense for our shareholders to pursue this sale."
Originally posted on Trucking Info