NFI Group Inc. is a global manufacturer of mass mobility solutions, specializing in transit buses and motor coaches. The company operates through two primary segments: Manufacturing Operations and Aftermarket Operations. The Manufacturing segment, which accounts for approximately 81% of total revenue, designs and produces a wide range of vehicles under brands such as New Flyer (heavy-duty transit buses), Alexander Dennis (single and double-deck buses), MCI (motor coaches), and ARBOC (low-floor cutaway and medium-duty buses). NFI's product lineup features diverse propulsion systems, including clean diesel, compressed natural gas (CNG), diesel-electric hybrid, battery-electric, and hydrogen fuel cell-electric technologies. The Aftermarket Operations segment, generating the remaining 19% of revenue, operates under the NFI Parts brand and provides replacement parts, support services, and infrastructure solutions for electric vehicles. This segment is a key component of the company's business model, ensuring customer retention and recurring revenue throughout the lifecycle of its installed base of over 105,000 vehicles. Geographically, NFI Group derives the vast majority of its revenue from North America (approximately 89%), with the United Kingdom and Europe contributing around 10%, and the Asia Pacific region accounting for the remainder. The company's competitive position is supported by its manufacturing footprint across Canada, the United States, and the UK, as well as its strategic focus on the transition to zero-emission buses for public transit agencies and private operators.
