GoZero buys BusTech, becomes Australia’s biggest bus builder

Following a meeting of creditors, bus and logistics fleets manufacturer GoZero Group’s bid to acquire bus manufacturer, BusTech which is in administration, has been approved.

With the deed of company arrangement to be finalised in the coming days, the deal will make GoZero the biggest bus manufacturer in Australia, with operations across eastern and south Australia.

GoZero Group Managing Director Stephen Cartwright (pictured) said: “We need the state governments to demonstrate their ongoing support for the transaction to ensure that the workers remain employed in Adelaide and Brisbane, and to ensure that BusTech remains a local bus manufacturer for many years to come.”

The acquisition substantially bolsters GoZero Group’s Australian bus manufacturing capability, with BusTech’s factories in South Australia and Queensland complementing GoZero’s established Nexport bus factory in Western Sydney.

Cartwright said: “This is an important acquisition for GoZero Group.

“Not only will it increase our opportunity to service the growing national market for low and zero emission buses, but it will protect local manufacturing jobs in both Queensland and South Australia at a time when the employment market remains uncertain.

“We are rapidly scaling up to be able to meet increasing demand from State Governments, Councils and the private sector, increasing our investment in factories and people ensuring we have the scale and capacity to deliver Australian made world class buses.

“This acquisition is a testament of great confidence in the future of the bus manufacturing sector in Australia, and the message to all tiers of government is clear, ‘we support a Future Made in Australia, and we stand ready to help you reach your strategic zero emission targets’ and provide safer, cleaner public transport for all Australians.

Picture: Stephen Cartwright