M&A Deal Summary

NFI Group Acquires Daimler Buses Orion Aftermarket Parts

On March 1, 2013, NFI Group acquired automotive company Daimler Buses Orion Aftermarket Parts from Daimler Trucks and Buses Holding for 29M USD

Acquisition Highlights
  • This is NFI Group’s 1st transaction in the Automotive sector.
  • This is NFI Group’s 3rd largest (disclosed) transaction.
  • This is NFI Group’s 1st transaction in Canada.

M&A Deal Summary
Date 2013-03-01
Target Daimler Buses Orion Aftermarket Parts
Sector Automotive
Buyer(s) NFI Group
Sellers(s) Daimler Trucks and Buses Holding
Deal Type Divestiture
Deal Value 29M USD

Target

Daimler Buses Orion Aftermarket Parts

Canada
Daimler Buses Orion Aftermarket Parts supplier of parts required by DBNA for customer warranty support, under Orion bus purchase contracts and pre-closing parts contracts.

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Buyer(S) 1

Buyer

NFI Group

Winnipeg, Manitoba, Canada
Category Company
Founded 1895
Sector Machinery
Employees8,566
Revenue 2.7B USD (2023)
DESCRIPTION

NFI Group is a manufacturer of heavy-duty buses in the U.S. and Canada. Offering the broadest line of transit vehicles, Company have secured strong position by providing reliable transportation solutions that meet the needs of today while anticipating the needs of tomorrow. NFI Group was incorporated in 1895 and is based in Winnipeg, Canada.

DEAL STATS #
Overall 1 of 6
Sector (Automotive) 1 of 5
Type (Divestiture) 1 of 1
Country (Canada) 1 of 2
Year (2013) 1 of 2
Size (of disclosed) 3 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-21 North American Bus Industries

Anniston, Alabama, United States

North American Bus Industries produces a comprehensive line of innovative, heavy-duty transit buses from 31’ to 60’ (articulated) at its headquarters in Anniston, Alabama. North American Bus Industries prides itself on its environmentally responsible vehicles with CNG, hybrid-electric and clean diesel propulsion systems.

Buy $80M

Seller(S) 1

SELLER

Daimler Trucks and Buses Holding

Portland, Oregon, United States
Category Company
Sector Automotive
DESCRIPTION

Daimler Trucks is the pioneer of truck automation. Its global business includes not only Daimler AG in Germany, but other companies worldwide, including Daimler Trucks North America LLC in the U.S. In 2014, the world’s leading truck manufacturer presented the Mercedes-Benz Future Truck 2025, the world’s first automated truck, and was the first to demonstrate the technological opportunities and great potential that automated trucks offer the economy and society.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 TORC Robotics

Blacksburg, Virginia, United States

Torc Robotics offers a complete autonomous software solution for mobility applications including self-driving cars and transit vehicles by working with partners in automotive, transit and technology. Torc also provides self-driving technology in safety-critical applications, including defense, mining, and agriculture.

Buy -
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