03:34 PM EST - New Flyer Industries Inc. : announced today that it has acquired certain assets from Daimler Buses North America relating to its Orion aftermarket parts business for heavy-duty transit buses. DBNA's Orion parts business generated revenue in 2012 of approximately $54 million, a portion of which was from supporting the nearly 10,000 Orion buses currently in operation in Canada and the United States. The purchase price for the assets was approximately $29 million (which includes an estimated $6.5 million for the purchase of accounts receivable) and is subject to post-closing adjustments for working capital which are normal and customary for these types of transactions. The purchase price was funded by using proceeds from the recently announced equity investment by Marcopolo S.A., one of the world's leading global bus manufacturers, which made the first tranche of its investment in New Flyer, totaling $51.7 million, on February 15, 2013. New Flyer Industries Inc.
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