VANCOUVER — Cummins Inc. has signed a cope with Westport Gas Techniques Inc. of Vancouver to purchase Westport’s stake in a three way partnership the businesses shared and grow to be the only real proprietor of the enterprise.
Below the settlement, the Indiana-based Cummins will even purchase Westport’s curiosity within the mental property of the three way partnership, which was labored on pure fuel engines, for US$20 million.
Cummins and Westport have additionally agreed to evaluate Westport’s hydrogen excessive strain direct injection system for potential use on CMI’s hydrogen functions.
The Cummins Westport Inc. three way partnership settlement ended on Dec. 31, 2021.
It was centered on designing and engineering pure fuel engines to be used in business autos corresponding to buses and vehicles.
Westport makes pure fuel, propane and hydrogen parts and programs for the automotive business.
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