Vehicle inspection contract in Colorado signed
8.30 AM CET / 26-Feb-2014 / Opus Group (STO:OPUS)
Envirotest Systems Corp. (Envirotest) has signed an exclusive contract with the Colorado Department of Public Health and Environment to continue operating the centralized vehicle inspection program for the State of Colorado.
The new contract is expected to start in January 2015 and has a contract period of five years. The contract may be extended for an additional six years (2 + 4 years) at the discretion of the state of Colorado.
Opus Group’s acquisition of Envirotest is expected to close as soon as possible. The order value of the contract is not disclosed due to competitive reasons.
Gothenburg, February 26, 2014
Opus Group AB (publ)
For additional information, please contact
President and CEO
Phone: 46 31 748 34 00
Phone: 46 765 25 84 93
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 72 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).