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Auto Manufacturers M&A image Auto Manufacturers M&A » By The Online Investor Staff, updated Mon., Apr. 6, 10:41 AM Recent mergers and acquisitions in the Auto Manufacturers M&A category.

Slide #9. New Flyer Industries Inc. North American Bus Industries, Inc.

Acquirer: New Flyer Industries Inc. (TSE:NFI.CA)
Acquiree: North American Bus Industries, Inc.
Details: New Flyer Industries Inc. ("New Flyer" or the "Company") today announced the acquisition of North American Bus Industries, Inc. ("NABI") from an affiliate of Cerberus Capital Management, L.P. for cash consideration of approximately $80 million, virtually all for the satisfaction of affiliate debt. The acquisition excludes discontinued operations in Hungary and substantially all related assets and liabilities. NABI was founded in 1992, and was known prior to October 1996 as American Ikarus. The completion of the acquisition and related financing transactions is subject only to confirmation of the required wire transfers of funds which is expected later today.

NFI Group is engaged in the manufacturing of heavy-duty transit buses and the provision of aftermarket parts and supports in the United States and Canada. Co. has two operating segments: Bus Manufacturing Operations and Aftermarket Operations. The Bus Manufacturing Operations segment designs, manufactures and sells heavy-duty transit buses of various body lengths with diverse propulsion systems. The Aftermarket Operations segment supports all post-sale activities, including parts distribution, field services, support documentation and training.

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Company Name: 
NFI Group Inc
Website: 
www.newflyer.com
Sector: 
Construction
 

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