Firm formed by Searchlight Capital Partners and Opus CEO controls more than 90% of the publicly-traded shares. Ograi BidCo AB announced it now controls of more than 90 per cent of the shares in Opus Group AB (publ) and is seeking a delisting of the firms share and initiate a compulsory redemption of the remaining […]
Opus IVS Awarded Patent for Pass-Thru Remote Diagnostic System
Opus IVS announced it has just been awarded patent 10,719,813 for a pass-thru remote diagnostic system. This invention was created by Bluelink, that acquired by Opus IVS in 2019, with a patent priority date of September 2010. “Simply having access to scan tools and software in today’s service bay is no longer enough. Efficient delivery […]
Opus Acquires AutoEnginuity
Drew Technologies, Inc., an Opus IVS division company, acquired US-based AutoEnginuity, LLC for a purchase price of approximately $20 million on a cash-free and debt-free basis. All conditions for completion of the acquisition of AutoEnginuity have been met. AutoEnginuity, founded in 2003 and headquartered in Mesa, Ariz., has developed into a leader in advanced aftermarket […]
Private Equity Firm Makes Offer to Acquire Opus Group
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 […]
Drew Technologies and Autologic Diagnostics to Become Opus IVS
Drew Technologies, Autologic Diagnostics, Farsight, and Bluelink Diagnostic Solutions, companies within the Intelligent Vehicle Support (IVS) division of Opus Group AB (publ), announced they are unifying and will officially be known as Opus IVS. In 2017, Autologic was welcomed into the Opus IVS division alongside Drew Technologies. Shortly thereafter Farsight and Bluelink joined the Opus […]
Drew Technologies Acquires BlueLink
On August 23, Drew Technologies, Inc., a part of the IVS division of Opus Group AB (publ), acquired BlueLink Diagnostic Solutions, a vehicle diagnostics provider. Drew Technologies acquired the BlueLink technology and operating assets under an asset purchase agreement for approximately 2.8 million SEK ($288,000). BlueLink’s technology and operations will be integrated into the offerings […]
Mitchell Announces Partnership with Drew Technologies for OEM Collision Repair Scanning
Enhancements from Drew extend Mitchell Diagnostics with new MD-OEM option. Approved for use in GM Collision Repair Network. Mitchell today announced a partnership with Drew Technologies, an Opus IVS Company, under which Drew Technologies scanning and diagnostic technology and services will be available via the Mitchell Diagnostics (MD) system. The new enhancements offer vehicle scanning […]
Opus Forms New Division Uniting Recent Diagnostics Acquisitions
Opus announced it has formed a new division to focus its offerings within service, repair and support of modern vehicles. The new division, Intelligent Vehicle Support, addresses the technical support challenges that come with ever-increasing vehicle complexity. Through its new Intelligent Vehicle Support division, Opus assists repair shops in keeping up with rapid advances in […]
Autologic Diagnostics Acquires Farsight
Autologic Diagnostics Inc., an Opus Group AB (STO:OPUS) subsidiary, has acquired MVDS, LLC d/b/a Farsight. The purchase is valued at $1.2 million. Closing is anticipated for early August 2017. After the acquisition, Farsight will be integrated with Autologic and its 20 employees will relocate to the nearby Autologic offices in Commack, New York within 90 […]