The acquisition, which was made at a purchase price of $210 million before adjustment for inventory level at closing and was first announced in November, includes a development center for battery modules and packs in California and an assembly factory in Greer, S.C.
Business is expected to be substantially completed by the end of fiscal year 2024, once existing customer orders are completed and delivered, according to the company.
To provide a cleaner and more comfortable environment for customers, DART replaced almost 34,000 fabric seat cushions and backs on its bus fleet with vinyl-covered seats last year.
DOT previously approved a private activity bond allocation of $1 billion for Brightline West in 2020, bringing the total allocation for this project to $3.5 billion.
METRO's Innovative Motorcoach Operator of the Year focuses on technology and empowering people to drive its vision at six separate and environmentally diverse operations.