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Business Acquisitions

New Flyer Acquires ARBOC Specialty Vehicles
Transit Holdings Inc., a U.S. subsidiary of New Flyer Industries Inc. (NFI), has acquired all equity interests in ARBOC Specialty Vehicles LLC for $95 million.

ARBOC, established in 2008, is a leader in low-floor body-on-chassis (or “cutaway”) bus technology for public transit, paratransit and shuttle vehicles between 21 and 35 feet in length. The company has delivered more than 2,500 buses, or more than 70 percent of the estimated total low-floor cutaways sold in Canada and the U.S. over the past five years.

“The acquisition of ARBOC provides us with complementary product lines and a unique opportunity to continue with growth and diversification, as NFI Group now has a full suite of transit buses and motorcoaches to offer to North American public transit agencies and private operators,” said Paul Soubry, NFI Group president and chief executive officer.

ARBOC employs approximately 100 people at a 112,000-square-foot facility in Middlebury, IN. Its management team will remain in place, with current President and Chief Executive Officer Don Roberts reporting to Wayne Joseph, president of New Flyer’s transit bus business.

Roberts said, “We are excited to continue ARBOC’s growth trajectory under the New Flyer umbrella. We believe that this transaction is the right step for ARBOC to continue offering our customers innovative and superior quality products.”

Wabtec Acquires U.K.-Based Melett

Wabtec Corporation, head­quartered in Wilmerding, PA, has acquired Melett Limited, a United Kingdom-based leader in the design, manufacture and supply of turbochargers and replacement parts to the turbocharger aftermarket, with operations in the U.K., Europe, North America and China.

Raymond T. Betler, Wabtec’s president and chief executive officer, said, “Melett complements both our overall turbocharger strategy and our product portfolio … This acquisition represents an excellent strategic fit that expands our aftermarket presence and provides direct access to key international markets.”

Safe Fleet Acquires MobileView
Safe Fleet has acquired Mobile­View from Interlogix, a part of UTC Climate, Controls & Security, a unit of United Technologies Corp.

Safe Fleet owns numerous brands that provide safety solutions to fleet vehicle manufacturers and operators around the world. MobileView is a leading provider of mobile surveillance and video management solutions to more than 35,000 U.S. buses and rail vehicles.

John Knox, chief executive officer of Safe Fleet, said, “The addition of MobileView to Safe Fleet’s leading video positions in school and transit bus, fire, law enforcement, waste and commercial markets extends Safe Fleet’s position as the largest global provider of video solutions to the fleet market.”

Al Cavagnero, general manager, MobileView, said, “Safe Fleet presents a compelling opportunity to leverage MobileView’s capabilities and position the portfolio for growth with transit bus and rail agencies.”
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