Contract awards in Arizona
Opus subsidiary Gordon-Darby has been awarded a new four-year contract to run the centralized emission testing program in Arizona as well as a new emissions Remote Sensing pilot.
The Arizona Department of Environmental Quality (ADEQ) and Gordon-Darby have signed a new four-year contract for the state’s centralized emission testing program, with a possible further extension period.
Gordon-Darby has also been awarded a new contract to pilot Opus’ emissions remote sensing technology in the state.
In Arizona, approximately 1.6 million vehicles are inspected every year at 18 centralized inspection stations.
Bob Tefft, President of Gordon-Darby said, “We are thrilled to be able to continue our longstanding partnership with the Arizona Department of Environmental Quality and are looking forward to advancing new technologies and features into the vehicle inspection program over the coming years.”
Gothenburg, April 30, 2020
Opus Group AB (publ)
This is information that Opus Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out herein, at 20:00 CEST on April 30, 2020.
For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
Linus Brandt, CFO & Executive Vice President
Phone: +46 722 44 09 05
Opus is a technology-driven growth company in the vehicle inspection and intelligent vehicle support markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and intelligent vehicle support. Opus had approximately SEK 2.7 billion in revenues in 2019 with solid operating profit and cash flow. Opus’ goal is to reach an annual revenue growth of 5-10 percent, through organic and acquisitive growth based on 3-year CAGR, and an EBITA margin of 15 percent. The majority of the growth is estimated to come from the international expansion of the vehicle inspection business, with a primary focus on the Latin American and Asian markets, and the expansion of the intelligent vehicle support business. With approximately 2,600 employees, Opus is headquartered in Gothenburg, Sweden. Opus has 36 regional offices, 26 of which are in the United States and the others in Sweden, Argentina, Chile, Mexico, Peru, Pakistan, United Kingdom, Spain and Australia. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The shares of Opus Group are listed on Nasdaq Stockholm.