ITAB - ITAB Shop Concept has through subsidiary signed an agreement to acquire New Store Europe Sverige AB’s bankruptcy estate

ITAB Shop Concept has through subsidiary signed an agreement to acquire New Store Europe Sverige AB’s bankruptcy estate

10/10/2014 11:51:45 AM

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 Sverige AB's bankruptcy estate.

New Store Europe Sverige AB is mainly focused on concept sales to the Nordic market. The company is a sales company with store-keeping without their own production. The company's turnover was over SEK 100 million in 2013.

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

This information was submitted for publication 10th of October 2014 at 11.45 a.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.