Latest from Opus

News, Insights & Latest Updates

The latest stories and updates about Opus, its business and the Vehicle Inspection and Intelligent Vehicle Support industries.

Featured story

06 January 2020

AutoEnginuity joins Opus IVS

Opus IVS has expanded its service offering in the U.S. diagnostics and collision scanning markets with the acquisition of AutoEnginuity, a leader in multi-brand automotive diagnostics.

More stories

NEWS | 19 December 2019
19 December 2019
Opus wins Emission Testing Program contract in Cache County, Utah

Opus Inspection, Inc. (Opus) has been awarded a new Vehicle Emission Inspection Program contract with the Bear River Health Department of Cache County in the State of Utah. The 4-year contract term begins October 1, 2020 with an option to extend for four (4) additional years.

NEWS | 10 December 2019
10 December 2019
CITA Central & South America meeting

Leaders from the Latin American vehicle inspection industry gathered on 4-5 December in Santiago, Chile for the CITA Central & South America Regional Advisory Group conference, organized by Opus.

NEWS | 22 November 2019
22 November 2019
Opus RSE measures emissions in Berlin – as seen on TV

Opus Remote Sensing Europe (Opus RSE) is helping the government of Berlin measure how much pollution vehicles emit in real world driving conditions – in a project featured on the German TV news channel ProSieben Newstime.

NEWS | 18 November 2019
18 November 2019
Opus brings self-service emission testing to D.C.

Drivers in Washington D.C. can perform their own vehicle emission tests 24 hours a day thanks to a new self-service kiosk developed by Opus company Envirotest for the city’s Department of Motor Vehicles (DMV).

NEWS | 05 November 2019
05 November 2019
Drew Technologies, Autologic and Bluelink unite to become Opus IVS

Opus companies Drew Technologies, Autologic and Bluelink Diagnostic Solutions are joining together as one business called Opus IVS, focused on helping independent automotive service shops repair the most complex vehicles around the world.

NEWS | 04 November 2019
04 November 2019
New leader for the U.S. Vehicle Inspection business

Opus has appointed Andy McIntosh as President, Vehicle Inspection U.S. to focus on driving business development and innovation in our biggest market.

Press releases

16 January 2020 | 20:00 PM CET
Ograi’s offer to the shareholders of Opus has been declared unconditional and Opus will convene an extraordinary general meeting

03 January 2020 | 08:00 AM CET
Opus acquires AutoEnginuity

On January 2, 2020, Drew Technologies, Inc., an Opus IVS division company, acquired US-based AutoEnginuity, LLC for a purchase price of approximately USD 20 million (approximately SEK 187 million) on a cash-free and debt-free basis. All conditions for completion of the acquisition of AutoEnginuity have been met.

20 December 2019 | 07:30 AM CET
Statement by the Board of Directors of Opus in relation to the increased offer from Ograi, and update on current trading

  • The Board of Directors has unanimously concluded that although the increased offer from Ograi at SEK 8.50 per share does not reflect the full long-term fundamental value of Opus, the offer is fair from a short-term financial perspective and has decided to recommend the shareholders of Opus to accept it.
  • Opus’ Q4 2019 EBITA will be lower than the current market expectations. Following continued growth activities, which will temporarily affect earnings, we expect EBITA in Q4 2019 for the Vehicle Inspection division to be in line with Q4 2018, and the EBITA in Q4 2019 for the Intelligent Vehicle Support division to be in line with Q3 2019. The temporary effect on earnings in Q4 2019 does not change the Board’s view on Opus’ ability to create shareholder value in a mid- to long-term perspective.

02 December 2019 | 07:30 AM CET
The Board of Directors evaluates the offer from Ograi

Searchlight Capital Partners together with Lothar Geilen, through Ograi BidCo AB, today announced a public offer to the shareholders of Opus Group AB (“Opus”) to sell all shares in Opus to Ograi BidCo AB at a price of SEK 7.75 in cash per share (the “Offer”).

14 November 2019 | 07:30 AM CET
Interim report, Q3 2019

06 November 2019 | 08:30 AM CET
Invitation to the Opus Q3 2019 report presentation

Opus Group AB (publ) will release its third quarter 2019 report on Thursday November 14, 2019, at 07:30 CET. CEO Lothar Geilen and CFO Linus Brandt will present the company’s results on the same day at 10:00 CET.  

03 November 2019 | 21:46 PM CET
Opus appoints new President, Vehicle Inspection U.S.

Opus is pleased to announce the appointment of Andy McIntosh as President of its U.S. Vehicle Inspection business.   

16 October 2019 | 08:30 AM CEST
Nomination committee prior to the Annual General Meeting 2020

27 August 2019 | 07:30 AM CEST
Cancellation of a concession in Buenos Aires

A court in Argentina has canceled a vehicle inspection concession awarded to Inspecentro S.A. in Buenos Aires (Inspecentro Buenos Aires), a business in which Opus had assumed control via an agreement. Since Inspecentro Buenos Aires has not yet started operating, there is no impact on Opus revenues in Argentina. However, a write-down of fixed assets may be required. Opus is evaluating legal options to appeal or possibly seek compensation. 

16 August 2019 | 07:30 AM CEST
Interim report, Q2 2019

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