OPUS INSPECTION SIGNS AGREEMENT TO ACQUIRE U.S. EMISSION TEST EQUIPMENT BUSINESS FROM BOSCH
|Contact: Jim Sands
Phone: (860) 392-2174
Fax: (860) 392-2105
9:00 a.m. EDT, November 29, 2016
Today, Opus Inspection has signed an agreement to acquire the U.S. based emission test equipment business from Bosch Automotive Service Solutions Inc. The acquired business activities include sales and service of emission test equipment in California, Pennsylvania and North Carolina at over 5,000 active customers that are new to Opus. In 2015, the business generated over $5 million in revenues. Operating profit margins over the past three years varied between 10 – 15%.
Opus Inspection expects to close the transaction on December 1, 2016. The purchase price is approximately $1.5 million.
“The acquisition broadens Opus Inspection’s customer base in the U.S. for the supply and service of emission test equipment in three strategically important markets. We are excited to bring Opus’ vastly successful EaaS (Equipment as a Service) business model to these new customers and expect to significantly exceed prior year revenues for this business under the EaaS model already in 2017”, says Jim Sands, President of Opus Inspection.