USA, Santa Ana, CA
Fuel Systems Solutions Completes Acquisition of Certain FuelMaker Assets and Purchase Orders
Fuel Systems Solutions, Inc. (FSYS) has completed the purchase of selected assets and technology for compressed natural gas (CNG) refueling products manufactured by FuelMaker Corporation, including the home refueling appliance marketed under the Phill(tm) brand, for $7.0 million as announced on May 1st. Manufacturing and service are to be relocated to Italy but the company has stated a committment to “fulfill certain FuelMaker service obligations and has assumed certain outstanding purchase orders”.
In a press release, Mariano Costamagna, CEO of Fuel Systems Solutions, said, “We are excited to begin integrating our new technology, patents, certifications and products with our turn-key refueling equipment solutions. Naturally, we expect a transition period during which we will transfer certifications and production; however, management is committed to the continuity of service and production of Phill.”
“Over the past two years, we have selectively acquired complementary businesses that support our business and broaden our opportunity. Our existing refueling solutions for large fleets and gas stations are augmented by the FuelMaker product line, which addresses both the consumer and smaller commercial markets. We are excited to continue to market and service Phill, which we believe we can deploy to existing markets using our global distribution network and original equipment manufacturer (OEM) relationships and to developing markets where the natural gas refueling infrastructure is limited, such as the United States.”
Those with inquiries about FuelMaker and Phill, please email sales@impcotechnologies.com or call (714) 656-1268 in North America or +39 (0172) 48681 outside of North America. Investors please continue to call LHA at (415) 433-3777.



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