NFI and its collaboration with Kiepe Electric NFI Group has a long history of collaborations with the German Kiepe Electric. Kiepe supplies NFI with state-of-the-art electrical equipment for its EV buses and trolleys.
Now Kiepe has a new parent company, the NASDAQ listed Heramba Electric, also German. Heramba focus to North America, and while in 2023 kiepe made only 13 million in US and Canada, in 2024 has contracts of US$75 million in the first 8 months.
NFI could be benefitted by the long relationship with the fast growing Kiepe.
BTW, Hermaba/Kiepe in listed as PITA and it is totally unknown, that is why despite it is debt free with much cash in hand, it trades at a fraction of its revenues.