NORTH AMERICAN BUS GIANT ACQUIRES UK’S ADL
NORTH AMERICA’s largest and most diversified bus and coach manufacturer – NFI Group Inc. (NFI) – has acquired major UK bus-building enterprise Alexander Dennis Limited (ADL) for a total transaction value of £320 million (A$587 million) on a cash-free, debt-free basis, subject to certain adjustments, it’s announced recently.
In 2018, ADL generated annual consolidated revenue of £631 million (A$1.2 billion), from delivering 2,533 buses for manufacturing revenue
