Gothenburg, Sweden, 2012-03-30 14:46 CEST (GLOBE NEWSWIRE) --
The Board of Directors of Opus Prodox AB (publ) has decided on a restructuring in which the Parent Company's operations are transferred to a new subsidiary, Opus Equipment AB, before the listing of its shares on NASDAQ OMX Stockholm, the main list, during 2012.
The restructuring, which will be effective as from 1 April 2012, is part of the Company's process to streamline the functions of the Group and free up resources in the Group Management team for control and future growth. After the acquisition of ESP Inc. in January 2012, a majority of the Group's operations are now located in North America and therefore Group Management wants to focus even more on this business area.
The new subsidiary, Opus Equipment AB, will continue to work on the development, manufacture and sale of machinery and equipment for vehicle inspection and repair workshops worldwide. Jörgen Hentschel, Vice President of Opus Prodox AB and Co-Founder of the Opus Group, is appointed CEO of Opus Equipment AB. Pär Börjesson, Sales Manager of Opus Prodox AB, is appointed Vice President of Opus Equipment AB. Subsidiaries, Opus Asia Ltd in Hong Kong and Opus Instrument (Foshan) Co. Ltd. in China, will be organized as subsidiaries of Opus Equipment AB.
“We are confident that the above restructuring is positive for both our customers and our employees, whereby the organization gets a better and clearer structure with more focused management functions,” says Magnus Greko, President and CEO of Opus Group.
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
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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 330 persons. The turnover for 2011 was approx. SEK 232 million. Opus’ share is listed on First North Premier (NASDAQ OMX) under the ticker OPUS.
