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Through the acquisition the company will add Champion Bus, Federal Coach, World Trans, Krystal Coach, ElDorado, and Goshen Coach.
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By working together as part of Intel and Mobileye, Moovit will advance the company’s MaaS strategy and the global adoption of autonomous transportation.
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The agreement would create the world's No. 2 train manufacturer and better take on China's CCRC Corp.
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Silver Fox Bus Lines was founded more than 40 years ago.
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The Smithsonian Affiliate has served as the home of the bus museum since opening to the public in 2003.
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The procurement will include several school bus and motorcoach vehicles, as well as 29 employees.
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Industry analysts can only speculate what strategic moves come next. Will the new owners push to expand their market share, even if this means more aggressive fare discounting?
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Headquartered just outside Quebec City, the company manufactures wheelchair accessible automotive turning seats and lifting devices.
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The sale was made based on a value of approximately $65 million after adjusting for debt and cash holdings.
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The company's previously worked together for the production and sale of the MiDi bus.
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