Jan. 4th, 2018
MILWAUKEE--(BUSINESS WIRE)--
REV Group (NYSE: REVG), a $2+ billion manufacturer of industry-leading
specialty vehicle brands and leading provider of parts and services,
announced today that its subsidiary, REV Coach LLC has been awarded the
Daimler AG’s bus division North American sales rights to Setra Brand
Coaches.
Beginning January 2018, REV will sell Setra motor coaches in the U.S.
and Canada. Visitors of the upcoming 2018 UMA Motorcoach EXPO in San
Antonio, Texas will already find a Setra motor coach at REV’s exhibition
stand. REV Coach succeeds touring coach manufacturer Motor Coach
Industries International Inc. (MCI) as Daimler Buses general distributor
in North America. To guarantee a smooth transition process long-term
partner Motor Coach Industries International Inc. (MCI) will remain in
charge of after-sales service until June 29, 2018. Starting July 1,
2018, REV Coach will also be responsible for Setra’s after-sales
service. In addition to distribution of Setra coaches, the parties have
agreed to a strategic partnership to jointly explore further
opportunities in the North American market in the future.
“Together with the REV Group, we will strive to further expand Setra’s
Market coverage, strengthen our performance, and further improve support
to better serve our coach customers in the United States and Canada,”
said Ulrich Bastert, Head of Marketing, Sales & Customer Services at
Daimler Buses. “On this occasion it is important to me to also thank our
previous partner MCI for their contribution to our coach business in
North America. In particular, we thank MCI for being very cooperative
during the entire transition process, although we decided to terminate
the distribution rights agreement as the product ranges of both
companies do not fit perfectly well with each other.”
Tim Sullivan, CEO and President of REV Group commented, “We are
absolutely delighted with this new opportunity to partner with Daimler
Buses to explore strategic initiatives in North America. Daimler is
clearly one of the great vehicle manufacturers in the world. We have
enjoyed a long relationship as both a purchaser of chassis and vehicles
and a supplier of truck components for many years but this new strategic
partnership takes our relationship to a whole new level. As a start, we
believe that adding the Setra motor coach to the REV Group full line of
buses will provide yet another first class entrée to our portfolio of
transportation vehicles. This collaborative agreement provides for
limitless transportation opportunities to explore in North America that
we jointly believe will significantly enhance our overall market
presence.”
About Daimler Buses
Daimler Buses is Daimler AG’s bus division.The business unit
is perfectly positioned, as Daimler Buses operates numerous production
facilities and service centers worldwide.Daimler Buses is a
full-line supplier, whose Mercedes-Benz, Setra, and BaharatBenz brands
cover every requirement in the bus and coach segments.Moreover,
the products stand out by offering maximum safety, efficiency, and
environmental compatibility.https://www.daimler.com/company/business-units/daimler-buses/
About REV Group
REV (REVG)
is a leading designer, manufacturer and distributor of specialty
vehicles and related aftermarket parts and services. REV serves a
diversified customer base primarily in the United States through three
segments: Fire & Emergency, Commercial and Recreation. REV provides
customized vehicle solutions for applications including: essential needs
(ambulances, fire apparatus, school buses, mobility vans and municipal
transit buses), industrial and commercial (terminal trucks, cut-away
buses and street sweepers) and consumer leisure (recreational vehicles
(“RVs”) and luxury buses). REV’s brand portfolio consists of 29
well-established principal vehicle brands including many of the most
recognizable names within our served markets. Several of REV’s brands
pioneered their specialty vehicle product categories and date back more
than 50 years. Investors-REVG
https//:www.revroup.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20180104005131/en/
REV Group
Sandy Bugbee, 1-888-738-4037 (1-888-REVG-037)
VP,
Treasurer and Investor Relations
[email protected]
Source: REV Group
