Opus acquires U.S. vehicle inspection company Gordon-Darby

Opus Inspection Inc. (Opus), a 100% subsidiary of Opus Group AB (publ), signed
an agreement to acquire 100% of the shares of Gordon-Darby Inc. for
approximately USD 56 million on a debt-free basis. The acquisition is expected
to close within the next few days.

Gordon-Darby Inc. (Gordon-Darby) is a leading U.S.-based government services
company specializing in vehicle inspection and fish and game licensing,
headquartered in Louisville, Kentucky with operations in Arizona, New Hampshire
and Texas. Founded in 1982, Gordon-Darby has earned its reputation as a quality
-minded government services company focusing on the development, implementation,
and operation of vehicle inspection and licensing programs in the U.S. With 280
employees, Gordon-Darby provides its own software technology and advanced
testing products to deliver customer-focused inspection and licensing services
under government contract in the three named states.

In 2017, the company had revenues of approximately USD 35 million US, with the
overwhelming majority coming from vehicle inspection programs. The largest of
those is in Arizona, which is a centralized program. Gordon-Darby has been the
incumbent vehicle inspection contractor in Arizona since 1991, in New Hampshire
since 2004, and the incumbent vehicle inspection database contractor in Texas
since 2007. The company also provides technology and support services to the
State of Texas for all fish and game licensing services under a six-year
contract that began in 2012, with state options to extend for two additional
five-year terms.

Gordon-Darby will continue to operate as is, under the same name, and with the
same management team and staff. The entire Gordon-Darby team is highly
experienced and well appreciated by its customers and other stakeholders. The
acquisition of Gordon-Darby will positively affect Opus Group’s overall EBITDA
-margin and return on capital employed (ROCE).

“The Gordon-Darby acquisition increases our footprint in the U.S., while
offering management and technology synergies to benefit our customers
worldwide”, said Opus Group CEO, Lothar Geilen. “We are particularly excited
that Gordon-Darby is joining forces with Opus in light of their strong presence
in Arizona, New Hampshire and Texas. In Arizona, Opus business entities have
been employing Arizona citizens since 1990. Our Tucson Development Center
employs 50 engineers and technicians supplying technologies to Opus operations
in 20 U.S. states and nine other countries.“

Gordon-Darby will continue to provide the excellent products and services that
have contributed to their reputation for high quality over the 38-year history
of the company. The President of Gordon-Darby, Bob Tefft, says, “The Gordon
-Darby management and I are excited to join Opus. With its strong financial
position and international experience, the new owner will help Gordon-Darby
address the future needs of our customers while we grow our business.”

Gothenburg, January 26, 2018
Opus Group AB (publ)

This information 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 person set out above, at
08:30 CET on January 26, 2018.
For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
E-mail: lothar.geilen@opus.se
(lothar.geilen@opusinspection.com)Helene Carlson
Director of Corporate Communications & Investor Relations
Phone: +46 765 25 84 93
E-mail: helene.carlson@opus.se (peter.stenstrom@opus.se)

About Opus
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 1.7 billion in revenues
in 2016 with strong operating cash flow and good operating profitability. Opus’
plan is to reach USD 400 million in revenues and USD 100 million in EBITDA by
2021. 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 2,000 employees, Opus is headquartered in
Gothenburg, Sweden. Opus has 30 regional offices, 20 of which are in the United
States and the others in Sweden, Argentina, Chile, Mexico, Peru, Pakistan,
United Kingdom, Germany and Australia. Opus has production facilities in the
U.S. in Hartford, Ann Arbor and Tucson. The Opus share is listed on Nasdaq
Stockholm.