ITAB - ITAB Shop Concept has through subsidiary signed an agreement to acquire New Store Europe B.V´s bankruptcy estate

ITAB Shop Concept has through subsidiary signed an agreement to acquire New Store Europe B.V´s bankruptcy estate

10/30/2014 1:12:39 PM

ITAB, one of Europe's largest suppliers of shop fitting concepts and lighting systems, has through subsidiary signed an agreement to acquire New Store Europe B.V's bankruptcy estate in the Netherlands.

New Store Europe B.V is mainly focused on concept sales to retail chain stores on the Dutch market. The company is a sales company with store-keeping and a small production unit. The company's turnover was approximately SEK 200 million in 2013.

ITAB will through the acquisition offer the Dutch customers a combination of local production with global sourcing of retail concepts and lighting. This is consistent with the Group's continued focus on the concept and lighting sales and will further strengthen ITAB's market position on the Dutch market.

This information was submitted for publication 30th of October 2014 at 01.10 p.m.

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 2,300 employees and a turnover of SEK 3,574 million in 2013.