Opus (Drew Technologies / Opus IVS) Acquires AutoEnginuity

January 3, 2020

Drew Technologies, an Opus IVS division of Opus Group AB, acquired AutoEnginuity, LLC — an aftermarket automotive diagnostics software provider headquartered in Mesa, Arizona — for approximately USD 20 million on a cash‑free, debt‑free basis. The acquisition expands Opus IVS's vehicle diagnostics and communication capabilities and adds coverage for 56 vehicle brands, intended to strengthen Opus' DrivePro/DriveCrash offerings and increase Opus' EBITA.

Buyers
Drew Technologies, Inc., Opus IVS (division of Opus Group AB), Opus Group AB (publ)
Targets
AutoEnginuity, LLC
Industry
Automotive
Location
Arizona, United States
Transaction Type
Buyout

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