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The acquisition represents a continuation of NFI Group’s growth and diversification strategy and was not subject to any pre-closing regulatory or antitrust requirements. NFI Group is using available cash and its existing credit facilities to finance the transaction.
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Transit agencies who are members of CALACT can now purchase the ZEUS all-electric shuttle bus through a federal and California state-compliant purchasing solution, avoiding lengthy and expensive RFPs and bid processes.
Read More →The patented and proprietary designs for hybrid and all-electric buses significantly reduce emissions and provide lower total life-cycle operational costs, according to the company.
Read More →The energy-efficient buses, the first in the SamTrans fleet, are expected to be in service throughout San Mateo County by the end of the year. The low-floor buses use long-life, non-hazardous, maintenance-free batteries to capture and store braking energy and advanced solid state controllers to manage and blend power sources.
Read More →evLABs, based in Utah, is joining forces with Pegasus Specialty Vehicles to provide bodies for electric school and shuttle buses.
Read More →Company to focus on its First Transit and First Student brands, while also continuing to monitor the potential of its current UK rail contracts.
Read More →The BYD C10MS joins a full range of BYD zero-emission vehicles that have passed the Altoona test.
Read More →The multi-week event is the first time WMATA has hosted the public to see a mock-up of its newest trains on the National Mall since the first 1000-series train cars in 1968.
Read More →As a world-leading supplier of hybrid and electric solutions for the heavy-duty transit bus market, BAE Systems spans the globe.
Read More →Delivery of the 40-foot vehicles is expected to begin in early 2014. As part of Chicago Transit Authority's bus modernization plan, the new LFS Smart Bus will replace older models of Nova LFS the agency has had in service for 14 years.
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