Ellis & Winters Participates in OpusGroup AB Acquisition of Autologic Diagnostics
Ellis & Winters
Kurtis R. Dumaw
Ellis & Winters is pleased to announce that its client, Opus Group AB, completed the acquisition of UK-based Autologic Diagnostics, a world leader in advanced aftermarket automotive diagnostics, on June 16, 2017. The acquisition will strengthen Opus’ ability to serve its existing customer base of nearly 40,000 automotive repair shops by providing market-leading vehicle diagnostics and vehicle communication offerings to address the trend of increased vehicle computerization.
“We are excited about the acquisition of Autologic due to its status as a world leader in advanced automotive diagnostics. We see a great fit between our existing subsidiary, Drew Technologies, and Autologic’s leading diagnostic products and services and its call center of expert automotive mechanics providing automotive diagnostic assistance throughout Europe, the U.S. and Australia.” said Lothar Geilen, CEO of Opus.
Kurt Dumaw, corporate partner of Ellis & Winters in Raleigh, said “Ellis & Winters is honored to have served as counsel for Opus and continued our ongoing relationship of more than 10 years. We look forward to Opus’ continued growth and opportunities.” Ellis & Winters worked with UK counsel Fladgate LLP on the transaction.
Opus Group AB is global company in the vehicle inspection and vehicle services markets with approximately SEK 1.7 billion in revenues in 2016. With close to 1,800 employees, Opus is headquartered in the Gothenburg region of Sweden and has 26 regional offices with 20 located in the United States. Opus Group shares are listed on Nasdaq Stockholm. For further details about the transaction, please visit www.opus.se.