New Flyer
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NFI Group, is a Canadian multinational bus manufacturer, based in Winnipeg, Manitoba. The company employs 8,000 people across 50 facilities in nine countries. NFI Group owns Alexander Dennis, ARBOC Specialty Vehicles, Motor Coach Industries, New Flyer, Plaxton, NFI Parts, and Carfair Composites. The company is listed on the Toronto Stock Exchange under the symbol NFI, and is a constituent of the S&P/TSX Composite Index.
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Rhode Island's RIPTA orders NFI Electric Buses | |
| New Flyer of America Inc. (“New Flyer”) has received a new contract from the Rhode Island Public Transit Authority (“RIPTA”) for 14 battery-electric, zero-emission Xcelsior CHARGE™ forty-foot heavy-duty transit buses. The order includes five ABB 50kWh depot chargers from NFI Infrastructure Solutions™ to support battery-electric bus deployment in the Rhode Island region. | ||
Details
NFI Group was created on June 16, 2005 as the holding company of New Flyer so it could be publicly traded on the Toronto Stock Exchange.
In October 2008, NFI Group. was named one of Canada's Top 100 Employers, which was announced in The Globe and Mail newspaper, and the company was featured in Maclean's newsmagazine. Later that month, New Flyer was also named one of Manitoba's Top Employers, which was announced by the Winnipeg Free Press newspaper.
The company converted to a corporate structure from a trust-like structure in October 2011.
Brazilian bus manufacturer Marcopolo S.A. acquired a 19.99% stake of New Flyer on January 23, 2013, for $116 million, the maximum it could acquire without offering to buy out other shareholders. Marcopolo would later reduce it's stake in the company to 10.8% on September 22, 2016, although it remains the largest individual shareholder.