Opus Group AB
J&B Maskinteknik acquires operations of Alfa Maskinteknik
Opus Prodox AB 23.02.2012 12:09 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, 2012-02-23 12:09 CET (GLOBE NEWSWIRE) -- Opus Prodox AB (publ) today announces that its wholly owned subsidiary, J&B Maskinteknik AB, has signed an agreement to acquire the assets and operations of Alfa Maskinteknik AB. Alfa Maskinteknik's operations include installation, service and accredited calibration of brake testers, with accessories, on the Swedish market. In connection with the acquisition, J&B will take over existing service contracts, customer base, inventory and equipment etc. Stig Albertsson, founder and owner of Alfa Maskinteknik, accompanies the business and will continue to work for J&B going forward. The acquisition is part of the Opus strategy to increase service business and will bring new customers to J&B, who can now offer a larger service organization with wider operations and better geographical coverage. The business generates annual revenues of approx. SEK 3 million, with good profitability. The purchase price, financed through existing cash, will not be published under agreement between the parties. The acquisition is expected to be completed during March 2012. 'J&B has worked with Alfa Maskinteknik for several years and it is with great pleasure that we now jointly have managed to close this deal, which we believe will be very good for both J&B and Alfa's customers,' says John-Anders Hansson, CEO of J&B Maskinteknik AB. J&B performs installation, service, repair and accredited calibration of various workshop equipment, for garages and vehicle inspection stations in Sweden, with 18 service technicians spread across Sweden. 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 330 persons. The turnover for 2011 was approx. SEK 232 million. Opus' share is listed on First North Premier (NASDAQ OMX) under the ticker OPUS. News Source: NASDAQ OMX 23.02.2012 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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