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The purchase furthers Hometown Trolley's overall strategic business model to become the leading trackless trolley bus manufacturer in the North American transit industry.
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**Note: An earlier version of this story incorrectly said Creative Bus Sales acquired National Bus Sales, but story has been amended to properly say National Bus Sales & Leasing.
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The company delivers the waste industry’s leading “smart truck” solution — onboard computing systems that enable waste and recycling fleets to link their drivers and vehicles to business operations in real-time to ensure improved safety, productivity, sustainability and customer service.
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Brooklyn, N.Y.-based Rear View Safety has been instrumental in driving the rapid adoption of video systems in commercial fleets including government fleets, bus and shuttle.
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Diamond Coach models vary in design and size, accommodating from 14 to 32 passengers with optional lift and wheelchair options.
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Approved to acquire a passenger railroad franchise previously held by the Washington, Baltimore and Annapolis Electric Railroad Co., which was abandoned in 1935.
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The completion of the transaction is subject to customary closing conditions including U.S. anti-trust and Canadian Competition Act approvals. Management currently expects the Transaction to close by the end of 2015.
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The second request is a standard part of the regulatory review process of Wabtec's acquisition of Faiveley under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and was expected by both companies.
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Based in Australia, Track IQ has additional product support offices in the U.S. and Europe. Its customers include Class I railroads in the U.S., and other large rail networks in Europe and Australia.
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The strategic combination will create one of the world’s largest public rail equipment companies, with revenues of about $4.5 billion and a presence in all key freight rail and passenger transit geographies worldwide.
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