Swedish group acquires Bosch’s US-based emission test equipment business
Sweden-based 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 US$ 5 million in revenues. Operating profit margins over the past three years varied between 10 – 15 percent. The purchase price is approximately US$ 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”, said Jim Sands, President of Opus Inspection, in a press release.
About Opus Inspection
Opus Group is a leading innovative technology focused growth company in the vehicle inspection market. The firm has a strong focus on customer service and innovative technology within IT, emission testing and vehicle communication.
With over 1,500 employees, Opus Group is headquartered in Mölndal in the Gothenburg region of Sweden and has 25 regional offices, 20 in the United States and the others in Stockholm, Peru, Chile, Mexico and Pakistan.