New Flyer

New Flyer
NIST Sector	Transportation
GICS Industrial	Transportation
Smart Tag(s)
Business type	"Public Company" is not in the list (Sole proprietorship, Partnership, Nonprofit, Other, Federal Government, State Government, Local Government, Public, Employee Owned, Private, ...) of allowed values for the "Has biztype" property.
Year Founded	2930
Founder(s)	John Coval
City, State	Winnipeg Manitoba
Country	Canada
Region Served	Worldwide
Executives	Paul Soubry
Revenue
Number of employees	8000
Sponsorship Level	Of Interest

Members

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.

		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

History

NFI Group was created on June 16, 2005 as the holding company of New Flyer Industries 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.

Mergers and acquisitions

Since 2013, the NFI Group has completed several mergers and acquisitions that have expanded the company beyond its original focus on heavy-duty transit buses for the North American market and into on several other bus types and markets.

As competing manufacturer Daimler exited the North American market in 2013, New Flyer purchased the aftermarket parts business for its Orion brand of heavy-duty transit buses for Template:US$. Under the agreement, New Flyer acquired the Orion parts inventory, the company's accounts, license to use proprietary part designs and agreed to provide parts for customer warranty support.

On June 21, 2013, New Flyer agreed to acquire competing heavy-duty transit bus manufacturer, North American Bus Industries (NABI) for Template:US$. Upon completion of NABI's outstanding orders, New Flyer converted the former NABI factory in Anniston, AL into a fourth facility to produce the Xcelsior heavy-duty transit bus.

On November 10, 2015, New Flyer agreed to acquire motorcoach manufacturer Motor Coach Industries from KPS Capital Partners for Template:US$, with the deal closing on December 18, 2015.

On December 1, 2017, New Flyer acquired Middlebury, Indiana based small cutaway and medium duty bus manufacturer ARBOC Specialty Vehicles for US$95 million.

On May 28, 2019, New Flyer purchased British bus and coach manufacturer Alexander Dennis, including their subsidiary Plaxton, for Template:GBPConvert.