POSTED 07 August 2017

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).

Opus acquired the company under an asset purchase agreement. Farsight will be merged with Autologic within 90 days after closing, and its operations will be integrated into those of Autologic in North America.  Existing products offered under the well-respected Farsight brand will continue to be supported and developed by Autologic after the integration.

“We are excited about the acquisition of Farsight as it will allow Autologic to expand its products and services to do­mestic vehicle brands. The acquisition also brings several former managers and automotive expert technicians back to Autologic. In addition, Farsight is a great fit with our existing subsidiary, Drew Technologies (Drew Tech) in Ann Arbor, Michigan near Detroit. Drew Tech can leverage Autologic and Farsight call center resources to expand its Remote As­sist Program (RAP) Service to cover more vehicle brands” said Lothar Geilen, CEO of Opus.

Opus is a leading vehicle inspection and vehicle services company headquartered in Sweden, with operations in Europe, North and South America and Asia.

Gothenburg, August 7, 2017
Opus Group AB (publ)

For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00


Peter Stenström
Investor Relations
Phone: 46 765 25 84 93

Want to find out more?

Looking for a specific Opus business?

Sign up to news by email


SV Svenske EN English

Where would you like to go?

Alternate Text

Want to book an inspection in Sweden or read more about Opus Bilprovning?

Go to Opus Bilprovning >
Alternate Text

Want to visit Opus’ global website?

Continue to Opus Global >

Vad vill du göra?

Alternate Text

Vill du boka en besiktning eller läsa mer om Opus Bilprovning?

gå till Opus Bilprovning >
Alternate Text

Vill du gå till Opus globala hemsida?

gå till Opus Global >