The sale and leaseback of various properties held by Opus, referred to in a press release issued on September 1, 2020, has closed. The buyer-lessor is an affiliate of Fundamental Income Properties, LLC. JLL acted as real estate advisors to Opus in the transaction.

The sales price is approximately SEK 500 million, and the estimated pre-tax gain for Opus Group is around SEK 300 million. 

The lease agreements allow Opus a total lease term of up to 35 years. The rental terms for the properties are market standard. 

"We are very pleased with this transaction, which will provide both financial and long-term operational flexibility to Opus", says Lothar Geilen, CEO of Opus.

 

Gothenburg, September 18, 2020
Opus Group AB (publ)  

 

This is information that Opus Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out herein, at 10:00 CEST on September 18, 2020. 

 

For additional information, please contact:
Lothar Geilen, CEO
Tel: +46 31 748 34 00
E-mail: lothar.geilen@opus.se (lothar.geilen@opusinspection.com)
Linus Brandt, CFO & Executive Vice President
Phone: +46 722 44 09 05  
E-mail: linus.brandt@opus.se  

About Opus

Opus is a technology-driven growth company in the vehicle inspection and intelligent vehicle support markets. The company has a strong focus on innovative technologies and customer service within vehicle emission and safety testing and within vehicle programming, scanning and diagnostics. Opus reached SEK 2.7 billion in revenues in 2019 with solid operating profit and cash flow. The majority of the company's future growth is projected to come from the expansion of our vehicle inspection business, including the continued expansion of Equipment as a Service, and from the expansion of our intelligent vehicle support business. With approximately 2,600 employees, Opus is headquartered in Gothenburg, Sweden. Opus has 36 regional offices, 26 of which are in the United States and the others in Sweden, Argentina, Chile, Mexico, Peru, Pakistan, United Kingdom, Spain and Australia. Opus has production facilities in the U.S. in Hartford, CT, Ann Arbor, MI and Tucson, AZ. Opus' shares are listed on Nasdaq OMX, Stockholm.

https://news.cision.com/opus-group/r/the-properties-transaction-has-been-closed,c3196303

https://mb.cision.com/Main/5106/3196303/1307800.pdf

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