ITAB - ITAB Shop Concept has through subsidiary acquired assets in Eurolys in Norway

ITAB Shop Concept has through subsidiary acquired assets in Eurolys in Norway

11/14/2014 1:40:00 PM

ITAB, one of Europe's largest suppliers of shop fitting concepts and lighting systems, has through subsidiary signed an agreement to acquire assets in Eurolys in Norway.

Eurolys is selling lighting products to retail chain stores with focus on the non-food market in Norway. The company is a sales company with store-keeping without production and the turnover is approximately NOK 30 million.

The assets will be a part of ITAB Prolight in Norway. ITAB will through the acquisition offer the Norwegian customers Nordic Lights lighting systems in combination with LIVAL's. This is in consistent with the Group's continued focus on the concept and lighting sales and will further strengthen ITAB's position on the Norwegian market. Closing day is 1st of December 2014.

The information was published at 01.40 p.m. 14th of November 2014.

For further information, please contact:

CEO, Ulf Rostedt
Tel: +46 36 31 73 00
Cellphone: +46 70 694 86 82

ITAB Shop Concept AB is listed on the OMX Nordic Exchange and sells, develops, manufactures and installs complete shop fitting concepts for retail chain stores. The all-inclusive offer includes custom-made fitting concepts, checkouts, self-checkout systems and professional lighting systems. Customers include the major players throughout most parts of Europe. ITAB is the market leader at checkout to retailers in Europe, and one of Europe's largest suppliers of shop fitting concepts and lighting systems. The group has approximately 2,400 employees and a turnover of SEK 3,574 million in 2013.