Group including CEO seeks to acquire all outstanding shares of global vehicle diagnostic and inspection firm.
Searchlight Capital Partners together with Lothar Geilen, the chief executive officer of Opus Group AB (STO:OPUS) announced a public offer to the shareholders of Opus Group AB to acquire all outstanding shares in the Sweden-based vehicle diagnostic and inspection firm through the newly formed Ograi BidCo AB at a price of SEK7.75 in cash per share or SEK2.25 billion ($236 million).
Opus is the parent of the diagnostics firms including Drew Technologies, Autologic Diagnostics, Farsight, and Bluelink Diagnostic Solutions within its Intelligent Vehicle Support
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