New Flyer acquires specialty vehicle maker
- December 4, 2017
Manitoba bus manufacturer New Flyer Industries Inc. has acquired ARBOC Specialty Vehicles for US $95 million.
ARBOC is focused on low-floor bus technology and produces buses used in transit, paratransit and shuttle applications.
The company employs approximately 100 people and has a facility in Middlebury, Ind.
New Flyer says ARBOC's management team will remain in place.
Management expects ARBOC will deliver approximately 500 buses in 2018, up from roughly 360 buses in 2017.
ARBOC's current firm backlog for 2018 includes over 320 orders.
Source: Canadian Press