Opus closes acquisition of Farsight
On August 4, 2017, Autologic Diagnostics, Inc., an Opus Group AB (publ) subsidiary, completed the acquisition of New York based MVDS. LLC d/b/a Farsight for a purchase price of USD1.2 million (approximately SEK 9.8 million).
Read moreOpus acquires Farsight, a provider of remote diagnostics and vehicle communication technical services for the automotive aftermarket in North America
Autologic Diagnostics Inc. (Autologic), an Opus Group AB (publ) (Opus) subsidiary, has signed an asset purchase agreement for the acquisition of 100 percent of MVDS, LLC d/b/a Farsight (Farsight). The purchase is valued at USD 1.2 million (approximately SEK 9.8 million). Closing is…
Read moreOpus signs a 20-year vehicle inspection concession agreement in Sindh Province, Pakistan
Opus Inspection VICS Sindh (Pvt) Ltd., an Opus subsidiary, won a public tender and has signed a 20-year public service vehicle inspection concession with the Transport & Mass Transit Department of the Government of Sindh (GoS) in the Sindh Province, Pakistan.
Read moreOpus issues a USD 25 million Taxable Corporate Note in the U.S.
Opus’ subsidiary Opus Inspection, Inc. has issued a Taxable Corporate Note commonly known as Letter of Credit Backed Bond of USD 25 million in the U.S. The proceeds from the transaction will be used for refinancing of existing debt and for Opus’ continued expansion.
Read moreOpus entities named in new lawsuit
Pradeep Tripathi and one of his companies, Nexus Environmental, LLC, have filed suit against Opus Group AB (publ) and Opus Inspection, Inc. (collectively, “Opus”) in the United States District Court for the Southern District of New York. Mr. Tripathi is a former owner of Systech…
Read moreOPUS ACQUIRES U.K. BASED AUTOLOGIC DIAGNOSTICS
Opus Group AB (publ) has acquired 100 percent of the shares in Autologic Diagnostics (Holdings) Ltd, a world
leader in advanced aftermarket automotive diagnostics. The purchase price is GBP 8 million (approximately
SEK 89 million) on a cash and debt free…
Ohio signs renewed contract with Opus Inspection
The State of Ohio, Environmental Protection Agency has signed a new contract with Opus Inspection’s subsidiary Envirotest to continue providing the vehicle emission inspection program, known as E-Check. The new contract continues through June 30, 2019 and may be extended…
Read moreBulletin from Annual General Meeting 2017
On May 15, 2017, the Annual General Meeting was held in Opus Group AB (publ), 556390-6063. Below follows a summary of the decisions taken. • The income statement and balance sheet, as well as the group’s consolidated income statement and balance sheet, were…
Read moreOpus received notice of award from Government of Sindh, Pakistan
Opus Inspection received a notice of award from Transport & Mass Transit Department of the Government of Sindh, Pakistan to negotiate a contract for the implementation of vehicle inspection in the province of Sindh, Pakistan.
Read moreInterim Report (January – March 2017)
January – March 2017 Net sales amounted to SEK 428.7 million (395.1), a revenue growth of 8.5 percent. Adjusted for acquisitions and FX, the revenue growth amounted to 4.3 percent. Operating profit before depreciation and amortization (EBITDA) amounted to SEK 71.9 million…
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