Landi Renzo to spin off Green Transportation unit into Westport Fuel Systems Italia integration

  • Landi Renzo signed an investment agreement with a Heliaca Investments-controlled vehicle to integrate its Green Transportation business with Westport Fuel Systems Italia.
  • Deal structure calls for partial demerger of Green Transportation into a wholly owned NewCo, followed by contribution to Westport Fuel Systems Italia.
  • NewCo will be merged into Westport Fuel Systems Italia as part of Landi Renzo restructuring plan under Negotiated Crisis Settlement procedure.
  • Landi Renzo will remain listed on Euronext Milan, retaining a 15% minority stake in Westport Fuel Systems Italia subject to adjustments.
  • Closing is expected in Q4 2026, subject to customary conditions.


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