Passenger Bus, Rail and Motorcoach Industry News

With the acquisition, will now have four offices, with the other two located in Paducah, Ky. and Tuscumbia, Ala.

Invensys will be integrated into the rail automation business of the Mobility and Logistics Division. Former Invensys Rail President and CEO John Paljug will become head of Siemens U.S. Rail Automation business, headquartered in New York, N.Y. More than 500 Invensys employees will be joining Siemens Rail Automation.

The purchase was funded by using proceeds from the recently announced equity investment by Marcopolo S.A., one of the world’s leading global bus manufacturers, which made the first tranche of its investment in New Flyer, totaling approximately $51 million, in February.

UTC Power, formerly a subsidiary of United Technologies Corp., has long been considered a leader in fuel cell systems with decades of experience.

Provides fleet management hardware and mobile workforce management solutions primarily to the demand response passenger transport and taxi markets.

The acquisition broadens Cubic's portfolio of transportation solutions. NextBus' customers include the major metro systems in Los Angeles, Toronto, San Francisco, Washington, D.C. and Boston, as well as many well-known small and mid-sized transit agencies, universities and colleges.

Company produces a full line of shuttle, executive and limousine buses ranging in capacity from 12 to 44 passengers, with annual sales of approximately $25 million.

Founded in 1958, VBN serves education, transportation, government and commercial clients, and has extensive experience in the design of transit facilities. The firm is also a registered green business.

Took on operations in 15 markets, including Los Angeles, San Francisco, San Diego and Phoenix. The acquired businesses will operate under the Horizon Coach Lines brand name and will be based in Dallas.

The new operating company will be known as Ameritrans Bus Inc. ABC anticipates investing additional capital in the business to increase production and capacity.