CORRECTION: Opus Completes Acquisition of ESP. Inc in the US

Gothenburg, Sweden, 2012-01-26 09:37 CET (GLOBE NEWSWIRE) --
-- Strategic acquisition strengthens Opus’ subsidiary Systech International in
U.S. vehicle inspection and maintenance (I/M) market.
-- ESP’s dominant position in the decentralized market of emission inspection
equipment sales and service is complementary to Systech’s position as the
leader in decentralized I/M program management contracts.
-- ESP’s vehicle emission testing products align with Systech’s innovative
equipment and database technology used in program management contracts.
-- ESP’s expected turnover in 2012 is approx. USD 25 million (SEK 169
million*), contributing to a growth of approx. 65 % to the existing Opus
Group.
-- Purchase price paid was USD 9.7 million, which includes a provisional net
asset value of USD 5.2 million, whereof cash is USD 0.3 million.
-- <p align="left" dir="ltr">The acquisition being financed through existing
equity and bank loans, will contribute with approx. SEK 0.05 to the net profit
per share beginning 2012.</p>

Opus Prodox AB (publ) (Opus Group) announced today that its subsidiary Opus US,
Inc. has completed the acquisition of 100% of the shares of Environmental
Systems Products, Inc. (”ESP”) from Envirotest Systems Holdings Corp. which
will continue to operate its centralized and Remote Sensing programs under the
Envirotest name. The acquisition includes all of ESP’s operations in the U.S.,
Mexico and Canada. In 2011, ESP is expected to generate approx. USD 27 million
in revenues and exceed USD 3 million in EBITDA. The company has approximately
160 employees.

The total purchase price paid was USD 9.7 million, which includes a provisional
net asset value of USD 5.2 million, whereof cash is USD 0.3 million. The
company has not yet finalized the purchase price allocation. Opus expects that
the acquisition will immediately contribute positively to the company’s bottom
line.

Once the transaction is completed, Lothar Geilen, CEO of Systech and Opus US,
Inc., will also become CEO of ESP. “In tandem with Systech’s industry-leading
technologies, ESP will provide our company with first class equipment
manufacturing capabilities, teamed with a top notch sales and service
organization that is among the best in the vehicle inspection industry” stated
Lothar Geilen. He added, “We welcome ESP’s employees in joining our
organization. We will continue focusing on excellent relationships with
customers of both Systech and ESP.”

The acquisition will combine the strengths offered by both Systech and ESP,
adding valuable human resources and infrastructure, and providing a clear path
for new business and future growth.

“This acquisition further strengthens our focus on the U.S. vehicle inspection
market in our global strategy. We are excited to have ESP join us in building
one of the leading vehicle inspection companies in the world.” Magnus Greko,
CEO of the Opus Group stated. “Together we commit to providing continued
outstanding service to Systech’s and ESP’s customers once the acquisition is
completed.”

ESP’s expected turnover for 2012 is USD 25 million, which includes
approximately USD 7 million in business activities anticipated to expire over
the next few years.

The financing of this acquisition is made through existing equity and bank
loans. The financing bank is Swedbank AB (publ).

* Calculated with an exchange rate USD/SEK of 6,77 per January 25, 2012.

This press info is available in Swedish at www.opus.se.

For additional information, please contact
Magnus Greko, President and CEO
Phone: +46 31 748 34 91
E-mail: magnus.greko@opus.se

Opus’ Certified Adviser
Thenberg & Kinde Fondkommission AB
Box 2108
SE-403 12 Gothenburg
Sweden
Phone: +46 31 745 50 00

——————————————
The Opus Group is in the business of developing, producing and selling products
and services within Automotive Test Equipment, Vehicle Inspection Systems and
Fleet Management for the global market. The Group’s products include emission
analyzers, diagnostic equipment and automatic test lines. Services include
management of mandatory vehicle inspection programs. The Group sells its
products and services in more than 50 countries all over the world and
currently employs around 170 persons. The turnover for 2010 was approx. SEK 230
million. Opus’ share is listed on First North Premier (NASDAQ OMX) under the
ticker OPUS.