NFI Group Inc - NFYEF stock
OTC Symbol: NFYEF | OTC Tier: Pink Current | Related ticker symbols: TSX:, TSX: NFI
Description[edit]
NFI Group Inc., along with its subsidiaries, is a manufacturer and distributor of buses operating in North America, the United Kingdom, Europe, and the Asia Pacific; it operates through two segments: OEM Manufacturing Operations, which focuses on the design, production, and sale of transit buses, motor coaches, and medium-duty and cutaway buses, and Aftermarket Operations, which is involved in the sale of aftermarket parts for transit buses, coaches, and medium-duty/cutaway buses; the company's product offerings include heavy-duty transit buses under the New Flyer brand, single and double-deck buses under the Alexander Dennis brand, motor coaches under the Plaxton and MCI brands, and low-floor cutaway and medium-duty buses under the ARBOC Specialty Vehicles brand, with additional aftermarket parts sales under the NFI Parts brand; NFI Group Inc. has a long history, founded in 1895, and its headquarters are in Winnipeg, Canada.[1]
History[edit]
NFI Group Inc. has a rich history that dates back to its founding in 1930 as Western Auto and Truck Body Limited in Winnipeg, Manitoba, Canada. The company initially operated as a manufacturer of bus bodies for various transit agencies and transportation companies in the region. Over the years, the company expanded its operations and product offerings, becoming one of the leading bus manufacturers in North America. It went through several name changes and acquisitions, and in 2008, the company was rebranded as New Flyer Industries Inc., reflecting its focus on building innovative and environmentally friendly transit buses.[2]
In 2015, New Flyer Industries Inc. made a significant acquisition by purchasing Motor Coach Industries International, Inc. (MCI), a renowned motor coach manufacturer in the United States and Canada. This strategic move further solidified the company's position as a major player in the bus manufacturing industry.[3]
In 2017, the company underwent another transformation by changing its name to NFI Group Inc., representing its diverse portfolio of brands, including New Flyer, MCI, ARBOC Specialty Vehicles, and other acquisitions.[3]
Today, NFI Group Inc. is one of the largest bus manufacturers in the world, serving transit agencies, private transportation companies, and other organizations across North America, the United Kingdom, Europe, and the Asia Pacific. The company remains committed to innovation and sustainability, continuously developing new technologies and solutions to meet the evolving needs of the public transportation industry.[2]
- ↑ Yahoo Finance. NFYEF Stock Profile. Retrieved on 8/29/2023.
- ↑ 2.0 2.1 Wikipedia. NFI Group. Retrieved on 8/27/2023.
- ↑ 3.0 3.1 nfigroup.com. Our Company - Our Milestones. Retrieved on 9/28/2023.
