This acquisition propels GoZero to become Australia’s largest bus manufacturer and preserves local production and jobs in Queensland and South Australia.

This move came as the company struggled with debts exceeding USD 35 million, prompting them to seek assistance in managing their financial challenges​. The company currently has manufacturing plants in Queensland and South Australia, producing diesel, hybrid and zero-emission buses.

Fusion Capital Holdings reached an agreement in September to acquire fellow bus manufacturer, Bustech Pty Ltd with Fusion taking control of both companies.