Opus just announced that Envirotest Systems has been awarded the vehicle inspection contract by the Colorado Department of Public Health and Environment. The contract is currently being negotiated.
On November 6th 2013, Opus Group AB published the signing of an agreement to acquire Envirotest Systems Holdings Corp. The acquisition was subject to Envirotest signing a contract for the new vehicle inspection program in Colorado, expected to start in 2015. All other conditions of the acquisition agreement had already been satisfied. Opus Groups acquisition of Envirotest is expected to close in Q1 2014.
Opus’ share price should react positively on this statement.