Opus Inspection Inc. (STO:OPUS) is the incumbent operator of the Missouri Gateway Vehicle Inspection Program since 2007. In the current procurement process 2016 Opus Inspection was not awarded the new contract, a decision that the company has appealed.
The current contract represents an annual revenue of 2.9 MUSD. The latest extension expires in May 2017. Regardless of the outcome of the appeal, Opus Group stands firm by its financial targets.
Mölndal, December 2, 2016
Opus Group AB (publ)
Opus Group is a leading innovative technology focused growth company in the vehicle inspection market. The company has a strong focus on customer service and innovative technology within IT, emission testing and vehicle communication. The Group had SEK 1,650 million in revenues in 2015 with strong operating cash flow and good operating profitability. 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. Opus Group has production facilities in the U.S. in Hartford and Ann Arbor. The Opus Group share is listed on Nasdaq Stockholm.
This information was brought to you by Cision http://news.cision.com