January 28, 2026. Westport Fuel Systems Inc., a supplier of alternative fuel systems and components for the global transportation industry, has received $6.5 million as part of its previously announced sale of the Light-Duty segment. The escrow payment was triggered under the terms of the sale agreement following the achievement of a defined post-closing milestone.
“This milestone payment reflects continued progress in the post-closing steps of our Light-Duty business divestiture,” said Elizabeth Owens, Chief Financial Officer at Westport. “While additional payments are expected as the transaction phases are completed, this interim payment strengthens our cash position today to support ongoing operations and our strategic initiatives. We remain disciplined in executing the remaining elements of the divestiture process along with our ongoing operational efficiency improvements.”