Opus Group AB
Opus Group has reached an agreement to take over operations from Volvo Cars Sweden AB
Opus Prodox AB 15.11.2011 09:17 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Gothenburg, Sweden, 2011-11-15 09:17 CET (GLOBE NEWSWIRE) -- Opus Prodox AB (publ) today announces that through its wholly-owned subsidiary Opus Bima AB, has reached an agreement that Opus Bima takes over part of Volvo Cars Sweden operations within the sale of hand tools and consumables to, among others, the Swedish Volvo dealers. The takeover is expected to occur during the fourth quarter. 'The takeover of activities is a part of Opus Bimas' strategy to provide the company with more product areas that are less cyclical than investment products. Opus Bima is engaged in the sale of equipment and machinery for vehicle inspection and automotive repair workshops in Sweden. The new product area complements Opus Bima's current range very well. We can now offer all automotive repair workshops and car dealers in Sweden, a complete range from one supplier, which is both cheaper and more efficient for our customers,' says Mats Löwendahl, CEO of Opus Bima The purchase price for the operations is not disclosed due to competitive reasons. The takeover will be financed through existing cash resources. The takeover is expected to have a positive impact on earnings per share following the transfer of the operations. This press info is available in Swedish at www.opus.se For additional information, please contact Magnus Greko, President and CEO Phone: +46 31 748 34 91 E-mail: magnus.greko@opus.se Opus' Certified Adviser Thenberg & Kinde Fondkommission AB Box 2108 SE-403 12 Gothenburg Sweden Phone: +46 31 745 50 00 -------------- The Opus Group is in the business of developing, producing and selling products and services within Automotive Test Equipment, Vehicle Inspection Systems and Fleet Management for the global market. The Group's products include emission analyzers, diagnostic equipment and automatic test lines. Services include management of mandatory vehicle inspection programs. The Group sells its products and services in more than 50 countries all over the world and currently employs around 170 persons. The turnover for 2010 was approx. SEK 230 million. Opus' share is listed on First North Premier (NASDAQ OMX) under the ticker OPUS. News Source: NASDAQ OMX 15.11.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Opus Prodox AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0001696683 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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