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?
Headquartered just outside Quebec City, the company manufactures wheelchair accessible automotive turning seats and lifting devices.
The sale was made based on a value of approximately $65 million after adjusting for debt and cash holdings.
The company's previously worked together for the production and sale of the MiDi bus.
The company acquired London's Vantage Power and Troy, Michigan's AxleTech's.
The acquisition offers significant benefits to National Express, including a renewed presence in the Phoenix and Tucson markets.
The company operates through a number of marquee brands, including megabus.com.
Together, the company's will form a global integrated mobility systems provider for commercial vehicles, creating added value for ZF’s commercial vehicle customers.
Based in Middlebury, Indiana, Cardinal Buses also has satellite offices in Mishawaka, Indiana and Holland, Michigan.
The addition of Louis Berger increases WSP’s workforce by 5,000 people, mostly strengthening our U.S. footprint.
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