VANCOUVER – Westport Innovations Inc. – the Canadian developer of natural gas technologies for vehicle engines – has acquired Netherlands based Prins Autogassystemen Holding B.V. (Prins) for €12.2 million (US $15.1 million).

Prins develops alternative fuel systems powered by liquefied petroleum gas (LPG or propane), compressed natural gas (CNG), and liquefied natural gas (LNG) for light-, medium-, and heavy-duty applications.

The company’s European operations will be combined under the Westport Applied Technologies business unit.

Mehran Rahbar, Westport’s executive vice president for on-road systems and applied technologies said Prins’ product line, innovations, and OEM relationships will confirm Westport “as the go-to partner for alternative fuels solutions.”

“Westport has a great deal of experience with natural gas direct injection and believes that the combination of Prins’ and Westport’s team and technologies will further strengthen Westport’s dominant technology portfolio,” he said.

Bart van Aerle, CEO of Prins, said “Together, we can create the best-in-class alternative fuel systems across multiple fuel platforms and deliver on superior technology and performance characteristics.”

Prins’ alternative fuel systems are expected to expand Westport’s product portfolio to include direct injection technology for LPG and CNG systems, and a well developed portfolio of diesel dual fuel aftermarket systems

Westport does not expect material influence on 2014 revenue or earnings as a result of this transaction due to the timing of closing. Westport expects strong synergies and accretive earnings performance in 2015. Westport will provide 2015 consolidated revenue guidance at the 2014 fiscal year-end conference call.