Honda's FuelMaker finds a new home at Fuel Systems Solutions

TheOtherDave? · 2009-05-02 19:20:21

http://www.blogcdn.com/www.autobloggreen.com/media/2009/04/phil.jpg (http://blogs.edmunds.com/greencaradvisor/2009/05/honda-sells-fuelmaker-assets-cng-converter-to-get-natural-gas-pump-business.html)FuelMaker, the Honda company that makes the Phill natural gas home refueling system, was forced into involuntary bankruptcy (http://www.autobloggreen.com/2009/04/06/fuelmaker-goes-bankrupt-honda-to-blame/)about a month ago. For a while, T. Boone Pickens' Clean Energy Fuels (http://www.autobloggreen.com/2008/10/18/honda-not-selling-cng-unit-to-clean-energy-fuels/) was maybe going to buy the company, but that didn't happen. Honda has found a buyer for FuelMaker, though, in Fuel Systems Solutions Inc (http://www.fuelsystemssolutions.com/). FSS announced yesterday that the $7 million transaction is expected to close in the second quarter of 2009. With the new acquisition, FSS adds another part to its natural gas puzzle. FSS also owns IMPCO Technologies and BRC S.r.l., companies that offer products to convert internal combustion engines so they can operate on gaseous fuels like propane and natural gas. Currently, FSS is big player in the European CNG vehicles market. Green Car Advisor (http://blogs.edmunds.com/greencaradvisor/2009/05/honda-sells-fuelmaker-assets-cng-converter-to-get-natural-gas-pump-business.html) says that Honda expects FSS to keep "manufacturing and selling home-based natural gas refueling systems such as the Phill." Press release after the jump. Gallery: 2007 Honda Civic GX (http://www.autobloggreen.com/photos/2007-honda-civic-gx/) http://www.blogcdn.com/www.autobloggreen.com/media/2007/02/2007_civic_gx_sedan_101_thumbnail.jpg (http://www.autobloggreen.com/photos/2007-honda-civic-gx/149362/)http://www.blogcdn.com/www.autobloggreen.com/media/2007/02/2007_civic_gx_sedan_102_thumbnail.jpg (http://www.autobloggreen.com/photos/2007-honda-civic-gx/149363/)http://www.blogcdn.com/www.autobloggreen.com/media/2007/02/2007_civic_gx_sedan_103_thumbnail.jpg (http://www.autobloggreen.com/photos/2007-honda-civic-gx/149364/)http://www.blogcdn.com/www.autobloggreen.com/media/2007/02/2007_civic_gx_sedan_104_thumbnail.jpg (http://www.autobloggreen.com/photos/2007-honda-civic-gx/149365/)http://www.blogcdn.com/www.autobloggreen.com/media/2007/02/2007_civic_gx_sedan_105_thumbnail.jpg (http://www.autobloggreen.com/photos/2007-honda-civic-gx/149361/) [Source: Green Car Advisor (http://blogs.edmunds.com/greencaradvisor/2009/05/honda-sells-fuelmaker-assets-cng-converter-to-get-natural-gas-pump-business.html), Fuel Systems Solutions, Inc.]Continue reading Honda's FuelMaker finds a new home at Fuel Systems Solutions (http://www.autobloggreen.com/2009/05/02/hondas-fuelmaker-finds-a-new-home/) Filed under: Honda (http://www.autobloggreen.com/category/honda/), Natural Gas (http://www.autobloggreen.com/category/natural-gas/) Honda's FuelMaker finds a new home at Fuel Systems Solutions (http://www.autobloggreen.com/2009/05/02/hondas-fuelmaker-finds-a-new-home/) originally appeared on AutoblogGreen (http://www.autobloggreen.com) on Sat, 02 May 2009 11:10:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/). Read (http://blogs.edmunds.com/greencaradvisor/2009/05/honda-sells-fuelmaker-assets-cng-converter-to-get-natural-gas-pump-business.html) | Permalink (http://www.autobloggreen.com/2009/05/02/hondas-fuelmaker-finds-a-new-home/) | Email this (http://www.autobloggreen.com/forward/1534680/) | Comments (http://www.autobloggreen.com/2009/05/02/hondas-fuelmaker-finds-a-new-home/#comments) http://feedads.g.doubleclick.net/~at/yj_0_I7SXzQFt-4eaTijvlZR288/0/di (http://feedads.g.doubleclick.net/~at/yj_0_I7SXzQFt-4eaTijvlZR288/0/da) http://feedads.g.doubleclick.net/~at/yj_0_I7SXzQFt-4eaTijvlZR288/1/di (http://feedads.g.doubleclick.net/~at/yj_0_I7SXzQFt-4eaTijvlZR288/1/da) http://feeds2.feedburner.com/~r/Autobloggreen/~4/oloYQo4i-gg More... (http://feedproxy.google.com/~r/Autobloggreen/~3/oloYQo4i-gg/)

05-02-2009, 11:20 AM

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Honda's FuelMaker finds a new home at Fuel Systems Solutions

FuelMaker, the Honda company that makes the Phill natural gas home refueling system, was forced into involuntary bankruptcy about a month ago. For a while, T. Boone Pickens' Clean Energy Fuels was maybe going to buy the company, but that didn't happen. Honda has found a buyer for FuelMaker, though, in Fuel Systems Solutions Inc. FSS announced yesterday that the $7 million transaction is expected to close in the second quarter of 2009.

With the new acquisition, FSS adds another part to its natural gas puzzle. FSS also owns IMPCO Technologies and BRC S.r.l., companies that offer products to convert internal combustion engines so they can operate on gaseous fuels like propane and natural gas. Currently, FSS is big player in the European CNG vehicles market. Green Car Advisor says that Honda expects FSS to keep "manufacturing and selling home-based natural gas refueling systems such as the Phill." Press release after the jump.

Gallery: 2007 Honda Civic GX

[Source: Green Car Advisor, Fuel Systems Solutions, Inc.]Continue reading Honda's FuelMaker finds a new home at Fuel Systems Solutions

Filed under: Honda, Natural Gas

Honda's FuelMaker finds a new home at Fuel Systems Solutions originally appeared on AutoblogGreen on Sat, 02 May 2009 11:10:00 EST. Please see our terms for use of feeds.

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