Tag Archives: productive concepts

Fuel Systems Solutions (FSYS) Acquires EvoTek For $7 Million; Completes Productive Concepts Deal

Fuel Systems Solutions (FSYS) is on the acquisition trail this morning and has acquired privately held EvoTek LLC that provides dedicated CNG and LPG conversion systems across multiple U.S. fleet vehicle platforms. One of its customers includes BAF Technologies, a subsidiary of Clean Energy Fuels (CLNE).  The $7.0 million deal consists of $4 million in cash and $3 million in stock.  The company also announced it completed the purchase of Productive Concepts International fuel vehicle … Read the rest