Thursday, March 13, 2008

News: Bus group Optare sold to investment company


Bus and coach manufacturer, Optare has been bought by Jamesstan Investments Ltd, an investment company controlled by Roy Stanley, the successful North East based entrepreneur, for an undisclosed sum. Optare has successfully operated as an independent company in the bus and coach industry since it was purchased from North American Bus Industries Inc, by a Management led team in July 2005. Optare Chairman Russell Richardson said: “This agreement means “business as usual” for all of Optare’s stakeholders – employees, customers, suppliers and others alike." The group's head office and primary bus manufacturing facility is located in Leeds with the second manufacturing facility, Optare Rotherham, located at Hellaby near the M18. The Rotherham site also includes a fully equipped UK Service Centre operated by Optare's after-sales division Unitec.


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