July 9, 2012 - Assignment

Opus Group acquires subsidiary from AB Svensk Bilprovning

Opus Group AB (publ) has agreed to acquire a wholly-owned subsidiary from AB Svensk Bilprovning for approximately SEK 375 million. The subsidiary operates 70 inspection stations located in the Stockholm and Mälardalen regions and north thereof.

Opus Group develops, produces and sells products and services within Automotive Test Equipment, Vehicle Inspection Systems and Fleet Management for the global market. The Group sells its products and services in more than 50 countries all over the world and currently employs around 320 persons. The Opus Group’s estimated combined turnover increases to approximately SEK 960 million based on 2011 figures, including the 2012 US acquisition of ESP Inc. and the acquisition. The Opus Group share is listed on First North Premier (NASDAQ OMX).

The acquisition will be financed through a credit facility of SEK 175 million, a vendor promissory note of approximately SEK 170 million and a rights issue in Opus Group of SEK 50 million (the “Rights Issue”).

Opus Group is advised by Mannheimer Swartling in connection with the acquisition and transaction-related financing. The firm’s team includes partners Clas Nyberg and Johan Ljungberg together with associates Emma Olnäs Fors (project manager), Emelie Thor, Tobias Normann, Robin Palmgren, partner Eva Hägg and associate Håkan Knutsson (Public M&A and Equity Capital Markets), partner Olof Stenström and associate Emma Nilsson (Banking and Financing) and partner Stefan Perván Lindeborg (Merger control and competition law).