Opus Group: Opus Inspection awarded a third concession in Chile

Regulatory News:

Opus Group: (STO:OPUS)

The Ministry of Transportation and Telecommunications (MTT) in Chile has announced that Opus Inspection’s subsidiary in Chile will be awarded a concession to design, build, and operate vehicle inspection stations in Santiago de Chile (Region Metropolitana). Under the 8-year contract, the company will establish three, modern, inspection stations in the metropolitan area of Santiago.

"We are pleased that for the third time now, the MTT selected our company for the award as a result of a public tender,” said Jim Sands, President of Opus Inspection. "Together with the two concessions already awarded in neighboring regions, our new inspection stations in the Greater Santiago area strengthen our position in the Chile vehicle inspection business. We are looking forward to working with the MTT to implement a successful new inspection program.”

The new inspection stations in Region Metropolitana will perform about 125,000 roadworthiness and emissions inspections per year at a fee of CLP 7,900 per inspection. The contract is expected to start generating revenues in the second part of 2016.

Mölndal, August 13, 2015

Opus Group AB (publ)

Opus Group is a leading vehicle inspection company with a strong focus on customer service and innovative technology. Opus Group is one of the market leaders in vehicle inspection operations in the US and Sweden. Opus Bilprovning has 74 vehicle inspection stations in Sweden. Opus Inspection operates vehicle inspection programs in the U.S., Bermuda, Chile, Peru and Pakistan and is active in sales and service of emission control equipment in North America and Mexico. Opus Group’s revenues amounted to approximately SEK 1,458 million in 2014. Opus Group’s shares are listed on Nasdaq Stockholm.

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