Here's FSS' latest 10-Q filing with FM purchase info:
Acquisition of FuelMaker Corporation Assets
On May 1, 2009, Fuel Systems announced that MTM had agreed to acquire selected assets and technology for compressed natural gas (CNG) refueling products manufactured by FuelMaker Corporation ("FuelMaker"), including the home refueling appliance marketed under the Phill(TM) brand. MTM entered into two separate but related asset purchase agreements to facilitate the transaction consisting of an agreement to acquire certain assets from the Receiver and Manager of FuelMaker (the "Receiver") to be executed by the Receiver upon the receipt of Court approval and an agreement to acquire certain assets and technology from American Honda Motor Co., Inc. The combined transactions are valued at approximately $7.0 million, subject to an upward or downward adjustment based on the gross book value of certain assets of FuelMaker, and are expected to close in the second quarter of 2009. Neither agreement may close without the other. The closing of the transactions is subject to customary closing conditions.
As part of the purchase agreements, we have agreed to fulfill certain FuelMaker service obligations and has assumed certain outstanding purchase orders. In an additional agreement with American Honda, we have made provisions to license technology back to American Honda under certain circumstances to support its natural gas vehicle activities. The closing of the related transactions is subject to closing conditions customary in this type of transaction.
http://www.marketwatch.com/news/story/10-q-fuel-systems-solutions-inc/story.aspx?guid={BCE21AE5-E3A4-455C-8B41-A0A296BE984C}&dist=msr_1
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Genetically modified food
Acquisition of FuelMaker Corporation Assets
On May 1, 2009, Fuel Systems announced that MTM had agreed to acquire selected assets and technology for compressed natural gas (CNG) refueling products manufactured by FuelMaker Corporation ("FuelMaker"), including the home refueling appliance marketed under the Phill(TM) brand. MTM entered into two separate but related asset purchase agreements to facilitate the transaction consisting of an agreement to acquire certain assets from the Receiver and Manager of FuelMaker (the "Receiver") to be executed by the Receiver upon the receipt of Court approval and an agreement to acquire certain assets and technology from American Honda Motor Co., Inc. The combined transactions are valued at approximately $7.0 million, subject to an upward or downward adjustment based on the gross book value of certain assets of FuelMaker, and are expected to close in the second quarter of 2009. Neither agreement may close without the other. The closing of the transactions is subject to customary closing conditions.
As part of the purchase agreements, we have agreed to fulfill certain FuelMaker service obligations and has assumed certain outstanding purchase orders. In an additional agreement with American Honda, we have made provisions to license technology back to American Honda under certain circumstances to support its natural gas vehicle activities. The closing of the related transactions is subject to closing conditions customary in this type of transaction.
http://www.marketwatch.com/news/story/10-q-fuel-systems-solutions-inc/story.aspx?guid={BCE21AE5-E3A4-455C-8B41-A0A296BE984C}&dist=msr_1
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Genetically modified food
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