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.

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.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

"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