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Silver Fox Bus Lines was founded more than 40 years ago.
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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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The company acquired London's Vantage Power and Troy, Michigan's AxleTech's.
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The acquisition offers significant benefits to National Express, including a renewed presence in the Phoenix and Tucson markets.
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The company operates through a number of marquee brands, including megabus.com.
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Together, the company's will form a global integrated mobility systems provider for commercial vehicles, creating added value for ZF’s commercial vehicle customers.
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