STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Opus Group (STO:OPUS)
Envirotest, an Opus Inspection, Inc. subsidiary, welcomes Mr. Jim Sands as President. Mr. Sands is a leading business executive with more than twenty years of vehicle inspection industry experience in various positions, who brings global experience and proven leadership to Envirotest. Mr. Sands has a strong customer relations orientation and will be instrumental in continuing the company’s focus on our customers’ needs in the U.S. centralized vehicle inspection programs and remote sensing operations.
Envirotest currently has contracts to provide and manage centralized vehicle inspection programs in six jurisdictions across North America, testing more than 5.5 million vehicles annually. The subsidiary has over 1,000 employees, and provides patented remote sensing technology worldwide that measures tailpipe exhaust as vehicles pass by under normal roadway conditions. Under Mr. Sands’ leadership, Envirotest will play a significant role in the Opus Inspection portfolio of product and service offerings.
With Mr. Sands’ appointment, Mr. Lothar Geilen will continue as CEO of Opus Inspection and Envirotest. “We are extremely pleased that Jim has chosen to join Envirotest,” said Lothar Geilen. “I have personally known Jim for many years. Jim brings the right credentials and experience to continue to meet and exceed our goals.”
“This is an exciting time to join Envirotest,” said Jim Sands. “The success of the company is a testament to the management team and its focus on customer relationships, along with continued technological leadership in the industry. I look forward to working with the management team at Envirotest and Opus Inspection as we continue to grow the company.”
Mölndal, May 14, 2014
Opus Group AB (publ)
About Opus Group
Opus Group is a leading company in vehicle inspection technology and vehicle inspection program operations. The Group has two main business areas which are vehicle inspection and equipment. Opus Group is one of the market leaders in vehicle inspection operations in the US and Sweden. Opus Bilprovning has 73 vehicle inspection stations in Sweden. Opus Inspection operates vehicle inspection programs in the U.S., Bermuda, and Peru and is active in sales and service of emission control equipment in North America and Mexico. Through the subsidiaries, Opus Equipment and J&B Maskinteknik, Opus Group conducts production, sales, and service of vehicle inspection equipment for vehicle inspection companies and vehicle workshops. Opus Group’s revenues amounted to approximately SEK 1,047 million in 2013. Opus Group’s shares are listed on Nasdaq OMX Stockholm.
FFFS 2007:17 (10 kap 11§) (SFSA rules) - The information in this press release is published in accordance with the rules in the law (2007:528) under the Securities Market Act (2007:528).
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