Wrightbus to court potential investors

B&CB has been made aware that Wrightbus is considering seeking new investors. According to Sky News, the County Antrim-based manufacturer has drafted Deloitte to advise on talks with potential investors. It reports turnaround funds have been approached to canvas their interest in ploughing tens of millions of pounds into the family-owned company. The news follows a recent announcement the company has secured a multi-million-pound order for 15 hydrogen buses for Aberdeen.

A statement from Wrights Group said: “As Wrightbus continues to expand its global customer base, there is increased complexity to tailor our products to the climate, territory and operating characteristics of our diverse customer base. To strengthen the company’s ability to accelerate its development of these new technologies Deloitte is working with the company to explore the potential of bringing on board an investor. This is to ensure that the skills and talents of our Ballymena workforce continue to deliver cutting-edge transport vehicles to our customers near and far. The company continues to win new business and this is evident in the recent uptake of our zero emission fuel cell vehicles bolstering a strong 2019 order book.”