Optare secures deal to supply buses to Stagecoach Group
Bus manufacturer Optare said Tuesday it scored a contract to supply vehicles to international transport company Stagecoach Group.
Bus manufacturer Optare said Tuesday it scored a contract to supply vehicles to international transport company Stagecoach Group.
Optare will deliver a mix of 33 Solo and Versa buses in 2013 for £3.3m to the group, which provides transport in the UK and North America.
"This repeat order results from the good reliability, fuel efficiency, and both driver and passenger acceptance of this and its predecessor model in a variety of demanding operating conditions," Commercial Director of Optare, Chris Wise, said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"The Cummins-Voith driveline is new to Optare and is being fitted at the specific request of Stagecoach. It further demonstrates our ability to meet a wide range of specific customer requirements in terms of vehicle drivelines, whether it's, alternative fuels, hybrid, full electric or conventional diesel."
Optare shares soared 14.44% to 0.52p at 8:35 Tuesday.
RD
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
MoneyWeek Readers' Choice Awards Winners – 2025
The MoneyWeek Readers' Choice Awards 2025 celebrate the products and services that help you make, keep and spend your money. Here are this year's winners.
-
UK growth: opportunities amid tariff turbulence
Iain McCombie, joint manager of the Baillie Gifford UK Growth Trust, explains how adaptable UK companies in growth-driving sectors can prosper over the long term despite international trade restrictions.