Opus Inspection consolidates its management team and appoints Jim Sands as President

Opus Inspection, Inc. announces that Mr. Jim Sands has accepted the role of President.  Mr. Sands, already President of Envirotest, a subsidiary of Opus Inspection, brings more than twenty years of vehicle inspection industry experience in various senior management positions.

With this step, Opus Inspection finalizes its consolidation of the management team after the acquisition and integration of Envirotest in early 2014.

Opus Inspection, market leader in the North American vehicle inspection industry, currently has contracts to provide and manage state-of-the-art centralized and decentralized vehicle inspection programs in twenty-five jurisdictions across North America, testing more than 30 million vehicles annually. The organization has over 1,300 employees. It further provides patented remote sensing technology worldwide that measures tailpipe exhaust as vehicles pass by under normal roadway conditions.

“This move is the final step in integrating the organization and management groups of Opus Inspection and its subsidiary Envirotest to form a single organization that is completely devoted to growing our motor vehicle inspection business in the U.S. and globally.” said Lothar Geilen who continues as CEO of Opus Inspection. “We are pleased to have Jim lead our integration and focus on exceptional customer relationships we enjoy at Opus Inspection,”

“I am proud to be taking on this role within Opus Inspection,” said Jim Sands. “I am looking forward to contribute to Opus Inspection’s leadership in the vehicle inspection industry for innovative product and service offerings and operational excellence for many years to come.”

Mölndal, August 18, 2014
Opus Group AB (publ)

For additional information, please contact
Magnus Greko
President and CEO
Phone: 46 31 748 34 00
E-mail: magnus.greko@opus.se

Peter Stenström
Investor Relations
Phone: 46 765 25 84 93
E-mail: peter.stenstrom@opus.se

About Opus Group

Opus Group is a leading company in vehicle inspection technology and vehicle inspection program operations.  The Group has two main business areas which are vehicle inspection and equipment.  Opus Group is one of the market leaders in vehicle inspection operations in the US and Sweden.  Opus Bilprovning has 73 vehicle inspection stations in Sweden.  Opus Inspection operates vehicle inspection programs in the U.S., Bermuda, and Peru and is active in sales and service of emission control equipment in North America and Mexico.  Through the subsidiaries, Opus Equipment and J&B Maskinteknik, Opus Group conducts production, sales, and service of vehicle inspection equipment for vehicle inspection companies and vehicle workshops.  Opus Group’s revenues amounted to approximately SEK 1,047 million in 2013. Opus Group’s shares are listed on Nasdaq OMX Stockholm.

FFFS 2007:17 (10 kap 11§) (SFSA rules) - The information in this press release is published in accordance with the rules in the law (2007:528) under the Securities Market Act (2007:528).

About Us

Opus is a technology driven growth company in the vehicle inspection and vehicle services markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and vehicle services. Opus’ plan is to double its revenues to reach USD 400 million in revenues and USD 100 million in EBITDA by 2021. The main growth is estimated to come from the expansion of the vehicle communication and services business and the international expansion of the vehicle inspection business with a primary focus on the Latin American and Asian markets. Opus is headquartered in Gothenburg, Sweden. Opus has 30 regional offices of which 20 are located in the United States and the others in Stockholm, Peru, Chile, Argentina, Australia, Germany (dormant), Mexico and Pakistan. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The Opus share is listed on Nasdaq Stockholm.

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