finance

Bus builder Alexander Dennis taken over by North American giant



Falkirk based bus builder Alexander Dennis has been bought by Canadian company NFI Group In.

Alexander Dennis, Britain’s biggest bus and coach manufacturer, employs 2,500 people and supports 1,500 through subsidiaries and partnerships across the world. The company dates back to 1895.

 

NFI is the biggest bus manufacturer in North America and employs more than 6,300 people across Canada and the US.

Alexander Dennis chief executive Colin Robertson will continue to lead operations from Scotland.

He said: “This is an exciting day for our company and people. We can be proud of the transformation of our company from a traditional UK bus builder to a global leader with annual revenue in 2018 exceeding £630 million.

“We look forward to becoming an important part of NFI while retaining our identity. This partnership is a complementary fit for both parties, allowing sharing of best practice and technology development, to form one of the largest independent bus and coach manufacturers in the world.

“NFI is a company we know well having engaged in a joint venture with them previously, and it was important to all of us at ADL that we were joining a team that shares our same culture and values, which are built around quality and excellent customer service, all driven by a passionate and committed team of people.

“We remain completely focused on providing world-leading vehicles supported by outstanding after-sales support to our many customers around the globe. Working with the team at NFI, we will continue to invest in our employees as well as the products and services for which we are globally renowned.”

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NFI president and chief executive officer Paul Soubry said: “ADL is the UK’s number one bus manufacturer and the number one global producer of double-deck buses, with an established international presence and is recognised as a leader known for innovative products and a commitment to quality and service.

“We’re thrilled to have ADL join the NFI family and to be investing in such a great engineering and manufacturing success story, and a company we already know so well. ADL is an outstanding company with a strong track record and we look forward to working with the whole team to build more success on those solid foundations.”



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