NFI Group Inc.
NFI.TO
Toronto Stock Exchange23.64
CAD
-0.06
- -
NFI Group Inc.
NFI.TO
(Toronto Stock Exchange)
Recent
price
23.64
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- NFI Group Inc. is a leading global manufacturer of sustainable buses and coaches, providing propulsion-agnostic mass mobility solutions including zero-emission electric, battery-electric hybrid, hydrogen fuel cell, natural gas, and clean diesel vehicles through its manufacturing operations segment; it also offers comprehensive aftermarket parts and services via NFI Parts for transit buses, motorcoaches, and third-party vehicles. The company produces a diverse portfolio of heavy-duty transit buses (New Flyer Xcelsior and Xcelsior CHARGE brands), motorcoaches (Motor Coach Industries J4500 and D4500 series), single- and double-deck buses (Alexander Dennis Enviro200, Enviro400, and Plaxton brands), medium-duty and cutaway buses (ARBOC Specialty Vehicles), and related infrastructure solutions, serving public transit authorities, private operators, and commercial fleets. NFI operates 50 facilities across nine countries, with primary revenue from North America and additional presence in the United Kingdom, rest of Europe, and Asia Pacific. Founded in 2005 as the holding company for New Flyer Industries (with roots tracing to 1895), NFI Group Inc. is headquartered in Winnipeg, Manitoba, Canada, and employs approximately 9,000 people; key subsidiaries include New Flyer of America, Motor Coach Industries, Alexander Dennis, Plaxton, ARBOC Specialty Vehicles, NFI Parts, and Carfair Composites. In recent developments, NFI's subsidiary New Flyer expanded its Winnipeg facility in 2024 with C$25 million in government funding from the Province of Manitoba and PrairiesCan to enable full Canadian builds of Xcelsior heavy-duty transit buses, creating up to 250 green jobs and ramping to a 240-unit annual run rate by 2027. In October 2025, NFI formed a 50/50 joint venture with GILLIG LLC, named GR Seating, LLC, to acquire the assets of American Seating Inc., including equipment, inventory, brand, and intellectual property in Grand Rapids, Michigan, to stabilize North American transit seat supply. The company also opened a Las Vegas production facility for Alexander Dennis double-deck buses and a new MCI service center in California earlier in 2025, amid ongoing investments in U.S. operations and a strong $13.2 billion backlog as of Q3 2025.
Ballard announces commercial agreement with New Flyer for 50 MW of fuel cell bus engines