A group of seasoned investors acquired LION to focus on producing electric school buses for the Quebec market, reinforcing local operations while meeting growing environmental demands.

Target Information

The transaction marks a significant milestone for LION, formerly known as Lion Electric, as it transitions under new ownership. The company, recognized for its commitment to sustainability, focuses primarily on producing electric school buses. This shift aims to reaffirm LION's local presence while blocking potential foreign acquisition of this critical industrial asset.

With the recent acquisition approved by the Superior Court of Quebec, LION is poised to concentrate on the Quebec market. This localization strategy intends to enhance operational efficiency and product alignment with regional needs, particularly in the educational sector.

Industry Overview in Quebec

The electric vehicle industry in Quebec has experienced significant growth in recent years, driven by government incentives and increasing consumer awareness of environmental issues. Th