08:33 AM EDT, 07/11/2024 (MT Newswires) -- NFI Group ( NFYEF ) said Thursday that its subsidiary Alexander Dennis secured an order for 41 next-generation electric buses from London-based operator Stagecoach.

According to NFI, Stagecoach will receive 24 Enviro100EV small buses and 17 Enviro400EV double-deckers in early 2025 for routes operated on behalf of the British capital's transport authority Transport for London.

NFI noted that Alexander Dennis was the first manufacturer to receive a positive result from independent impact testing of the buses' revised front geometry, which protects vulnerable road users and improves direct vision for drivers.

"This new order further confirms the incredible success of our next-generation vehicle platform, which we've designed in-house from the ground up to drive value for the UK bus industry through efficiency, longevity and flexibility," said Ben Werth, group sales and business development manager at Alexander Dennis.

NFI's shares fell 5.1% yesterday to $15.55 on the TSX.