Press information 2007-March-12 Opus Prodox AB (publ) has signed an agreement to acquire the Danish industrial group EWJ, consisting of 3 companies. The acquisition doubles Opus' turnover. The new group becomes the leading company in Scandinavia within safety- and environmental vehicle inspection. The acquisition will have a positive effect on earnings per share already during 2007. This is a very important structural deal that enables higher growth, adding new products and markets as well as a broader technological know-how. The business activities of the companies complement each other which will create synergies and add shareholder value, says Opus Managing Director Magnus Greko. The EWJ group consists of the two Danish companies EWJ Teknik A/S and Autek A/S as well as the Swedish company EWJ Svenska AB. The companies that have key competence within the areas of brake testing and wheel alignment has a turnover of approx. 40 MSEK. The EWJ companies have the Swedish Vehicle Inspection as one of their most important reference customers. The companies also have distributors in 40 countries world wide. The merger between Opus and the EWJ group create a more competitive group which can offer complete solutions for vehicle inspection to our customer's world wide. Together with Opus products and Opus production facility in China is the new group able to challenge the large international competitors aiming to become a ”Preferred Supplier” of quality equipment for safety and environmental testing of vehicles, says Henrik Jörgensen, Managing Director and owner of the EWJ group. Henrik Jörgensen joins the new group management and will together with the founders of Opus, Magnus Greko and Jörgen Hentschel, aim for a continued international expansion. Henrik Jörgensen will also be appointed to be a member of the board of directors in Opus. Financial information The acquisition will be consummated no later than the 30 June 2007 after Due Diligence and finalized purchase agreement. Payment will be made by a new shares issue covered by the existing authorisation to the board of directors from the annual shareholders' meeting. The EWJ group has a turnover of approx. 40 MSEK with a current profit margin of approx. 5 %. By co-ordinating the sales and marketing organisations synergies, higher growth and cost savings are expected. By utilizing Opus production unit in China an improvement in margins for the EWJ products is anticipated. Henrik Jörgensen, Magnus Greko and Jörgen Hentschel are very positive to the opportunities the new group will get. This press info is also available in Swedish at www.opus.se For more information: Magnus Greko, Managing Director Opus Prodox AB Phone: +46 (0) 31 748 34 91 E-mail: magnus@opus.se WEB: www.opus.se Opus in Brief: The business idea of Opus Prodox AB is to develop, produce and sell products within Emission & Diagnostics, Fleet Management and Wireless Vehicle Inspection for the global market. The products include emission analyzers, diagnostic equipment, electronic driver log systems, Fleet Management systems and systems for Remote OBD. The company is selling in more than 35 countries all over the world. Opus share is listed on First North (Stockholm Stock Exchange) under the ticker OPUS. The company has 22 employees and the turnover was 37 MSEK in 2006. EWJ in Brief: The business idea of EWJ, founded 1959, is to develop, produce and market high-tech products for vehicle inspection and workshops. The products include Brake Testers, Head-Light Testers, Play Detectors, Side-Slip Testers and computerized Wheel alignment. The group is selling in more than 40 countries world wide. The group has 20 employees and the turnover was approx. 40 MSEK in 2006. Contact: Henrik Jörgensen, Managing Director EWJ Teknik A/S Phone: +4545814545 E-mail: henrik@ewj.dk WEB: www.ewj.dk
Opus signs agreement to acquire the Danish EWJ group and doubles its turnover
| Source: Opus Group AB