Motor Coach Industries International Bought for $455 Million
Canada’s New Flyer Industries said Friday that it’s completed its acquisition of Motor Coach Industries International for $455 million U.S.
MCI is North America’s leader in motor coaches, New Flyer says, “offering the MCI J4500, which is the industry’s best-selling intercity coach for 11 consecutive years, and the MCI D-Series, the industry’s best-selling coach line in North American motor coach history.”
MCI is also the exclusive distributor of Setra S417 and S407 in the U.S. and Canada, having taken over the line from Daimler in 2012 (F&F, May 7, 2012).
Soubry Now CEO at MCI
MCI actively supports over 28,000 motor coaches currently in service and offers 24-hour roadside assistance 365 days a year, New Flyer says.
Effective immediately, New Flyer president and CEO Paul Soubry takes over as president and CEO of MCI and its subsidiaries.
MCI has supplied compressed natural gas fueled buses since 1999, starting with 76 vehicles buses to NJ Transit.
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Source: New Flyer Industries with Fleets & Fuels follow-up