Opus received notice of award from Government of Sindh, Pakistan
Opus Inspection received a notice of award from Transport & Mass Transit Department of the Government of Sindh, Pakistan to negotiate a contract for the implementation of vehicle inspection in the province of Sindh, Pakistan.
A consortium led by Opus Inspection participated in a procurement process for the implementation of a vehicle inspection program in Sindh province, Pakistan. Opus Inspection’s consortium was selected as the preferred bidder after the review of all participating bids by the Technical and Financial Evaluation Committee, and its international consultants. We will now enter into negotiations to sign a Concession Agreement with the Government of Sindh.
The concession period is expected to be for 20 years.
Once negotiations are completed we will provide further details on the terms of such Concession Agreement.
Opus is a leading vehicle inspection and vehicle services company headquartered in Sweden, with operations in Europe, North and South America and Asia.
Mölndal, May 15, 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
About Opus Group
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. The Group had approximately SEK 1.7 billion in revenues in 2016 with strong operating cash flow and good operating profitability. 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. With close to 1,800 employees, Opus is headquartered in the Gothenburg region of Sweden. Opus has 26 regional offices of which 20 are located in the United States and the others in Stockholm, Peru, Chile, Argentina, 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.