ITAB Shop Concept (registered seat in Jönköping and trading on First North) has reached an agreement for the acquisition of L-Form Logistics AB, located in Reftele in Sweden. L-Forms has an annual turnover of about SEK 20 million and the company is showing good profitability.
L-Form manufactures and markets Entrance Systems and barrier rail systems in modern designs and with highly sophisticated functions. This system will provide an excellent complement to ITAB’s current product range. In addition to its product range, L-Form will be bringing new geographic market areas and customers to ITAB. The acquisition does not include L-Form’s range of shopping and stock trolleys. Operations will be coordinated with ITAB’s existing operations in Jönköping.
This acquisition strengthens ITAB’s position as the second largest provider of entry and barrier rail systems on the European market.
The acquisition will be consolidated as of 1 January 2008 and is expected to have apositive effect on profits per share in 2008.
ITAB supplies complete shop interiors for general and trade retailers. The company's operations comprise project management, design, development, manufacture and sales. Besides shop fittings, predominantly in wood and metal, the range of concepts on offer also includes shop equipment (cash desks, entry systems, etc.) and in-house developed products. ITAB Shop Concept has a turnover of around SEK 3.5 billion a year. The group has some 1,700 employees.
ITAB Shop Concept’s certified adviser is Remium AB.
For further information, please contact:
ITAB Shop Concept AB
MD/CEO Jan-Ola Wiréhn
Tel: +46 (0)36 31 73 00
Mobile: +46 (0)705-776076