Opus acquires Farsight, a provider of remote diagnostics and vehicle communication technical services for the automotive aftermarket in North America
Autologic Diagnostics Inc. (Autologic), an Opus Group AB (publ) (Opus) subsidiary, has signed an asset purchase agreement for the acquisition of 100 percent of MVDS, LLC d/b/a Farsight (Farsight). The purchase is valued at USD 1.2 million (approximately SEK 9.8 million). Closing is anticipated for early August 2017. After the acquisition, Farsight will be integrated with Autologic; its 20 employees will relocate to the nearby Autologic offices in Commack, New York within 90 days after closing.Farsight provides remote diagnostics and vehicle communication technical services for the