DORDA advises Westport Fuel Systems on the successful acquisition of STAKO

DORDA advises Westport Fuel Systems on the successful acquisition of STAKO
Wednesday, 28 July 2021

With the acquisition of STAKO, Westport Fuel Systems is expanding its delivery capability for fully integrated fuel systems and relies on the legal support of Martin Brodey and his team at DORDA.

DORDA M&A expert and Managing Partner Martin Brodey and his team comprised of Patricia Backhausen (Attorney), Katharina Binder and Mike Schaunig (both Associates) advised on the successful acquisition of Stako sp. z o.o. (STAKO) – a (now former) Polish subsidiary of Worthington Industries Inc. – by Westport Fuel Systems Italia S.r.l., based in Cherasco, province of Cuneo (Italy).

The Westport Fuel Systems Group is a world-leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane and hydrogen for the global automotive industry. The technology used by Westport Fuel Systems delivers the performance and fuel efficiency required for transportation applications. At the same time, it also provides environmental benefits that meet the challenges of climate change and urban air quality.

"As one of the world's leading suppliers of alternative fuel systems, the acquisition of STAKO has enabled Westport Fuel Systems to expand its position in the global marketplace, accelerating the transition to the use of clean fuels, particularly in emerging markets. We are very pleased to have been involved in the successful completion of this project and at the same time to have played our part in the sustainable use of alternative fuels for a healthier environment," says Martin Brodey.

STAKO, based in Słupsk, Poland, is a leading global manufacturer of LPG fuel storage systems and serves the aftermarket and original equipment manufacturer (OEM) market segments through a worldwide dealer network. STAKO's current product range includes more than 1,000 models of LPG storage tanks.