Opus Inspection Acquires European RSLab

Opus Inspection has acquired 60% of Remote Sensing Laboratory S.L. (RSLab), the Madrid based, ISO 17025 accredited laboratory for the remote measurement of real-driving emissions.  The company will be renamed Opus RS Europe S.L. and will lead Opus’ commercial Remote Sensing activities in Europe.  

RSLab has represented Opus’ Remote Sensing technology in European markets since 2007, and has conducted numerous on-road emissions studies using Remote Sensing.  Josefina de la Fuente, Founder of RSLab, will continue to serve as General Manager of the company. 

“We are excited about RSLab joining the Opus’ family” Sandra McCulloch, CEO of Opus Inspection stated. “This acquisition will strengthen our focus on the Remote Sensing business opportunities in Europe.  We are welcoming Josefina and her staff to Opus” McCulloch continued.

“Combining RSLab with the Opus organization will strengthen our efforts in establishing Remote Sensing in Europe further.  We are looking forward to being part of the Opus organization and to having direct access to the significant resources the company offers”, said Josefina de la Fuente. 

Opus RS Europe S.L. is the only Remote Sensing company to be ISO 17025 certified.  This standard defines the requirements that inspection bodies must meet to demonstrate technical competence when producing valid test results.

Both, the purchase price and RSLab’s current revenues are insignificant in relation to Opus Group’s revenues and total assets. The acquisition is done for strategic reasons, positioning Opus as the leader for current and potential future European Remote Sensing business opportunities.

Opus is a leading vehicle inspection and vehicle services company headquartered in Sweden, with operations in Europe, North and South America and Asia.

Mölndal, April 24, 2017
Opus Group AB (publ)

For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
E-mail: lothar.geilen@opusinspection.com

or:

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

Opus Group is a technology driven growth company in the vehicle inspection market. The company has a strong focus on customer service and innovative technology within IT, emission testing and vehicle communication. The Group had SEK 1,697 million in revenues in 2016 with strong operating cash flow and good operating profitability. With close to 1,700 employees, Opus Group is headquartered in Mölndal in the Gothenburg region of Sweden and has 26 regional offices, 20 in the United States and the others in Stockholm, Argentina, Peru, Chile, Mexico and Pakistan. Opus Group has production facilities in the U.S. in Hartford and Ann Arbor. The Opus Group share is listed on Nasdaq Stockholm.