Fuel Systems Solutions, Inc., a designer, manufacturer and supplier of alternative fuel components and systems, has purchased from the Wayne business of Dresser Italia S.r.l., the assets of its CUBOGAS compressor division, specializing in natural gas compressors and packaging solutions in an all-cash asset acquisition that closed on February 10, 2012.
The deal includes the purchase of the CUBOGAS trademarks, a manufacturing license for Nuovo Pignone vertical reciprocating compressors, and a license to use the “Dresser” trademark in connection with the manufacture, development and distribution of former Dresser CNG compressor systems.
“We continue to build our infrastructure and natural gas compressor product lines to serve the growing demand from commercial, fleet and consumer customers,” said Mariano Costamagna, chief executive officer of Fuel Systems Solutions. “The CUBOGAS brand adds a new line of CNG compressor and packaging products for a wide range of applications, and our BRC division will maximize the scale and efficiency of the former Dresser CNG compressor business.”
“The CUBOGAS and Dresser brand names are associated worldwide with innovative fueling technologies. The addition of these well-known trademarks to our new product lines will be beneficial in the marketplace,” Costamagna added.
(This article compiled using information from a Fuel Systems Solutions, Inc. press release)