Moments in Time: Scottish bus builder Alexander Dennis bought in £320m deal
Alexander Dennis, the long-established Scottish bus builder, has been acquired by Canadian firm NFI Group in a £320 million deal. With headquarters in Falkirk, Alexander Dennis has a history that spans more than a century. NFI is described as North America’s "largest and most diversified bus manufacturer", employing more than 6,300 people across Canada and the US. Colin Robertson, chief executive of Alexander Dennis Limited (ADL), has been appointed to lead NFI’s international 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 £630m. 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 ...