ITAB has entered into a global cooperation agreement with Toshiba, one of the world's largest suppliers of POS systems with a global presence and leading expertise in application software and system integration to retail. Under the agreement, Toshiba will sell and integrate ITAB self-checkout system primarily on the US market but also globally in markets where ITAB is currently not active.
Toshiba has subsidiaries and business partners worldwide and is one of the largest players in the US market with a recognized high level of quality and a wide customer base across the retail sector. Through the agreement ITAB will reach out to a larger market, primarily the US, which is the world leading market within self-checkout solutions in stores.
The first step in the collaboration is that Toshiba shall integrate ITAB´s self-checkout concept in its global solution portfolio. The agreement enables integrated solutions with Toshiba's leading software and services together with ITAB self-checkouts delivered globally. The agreement also provides an opportunity for future collaboration in the development of the retail checkout arena.
ITAB's self-checkout concept is designed to increase efficiency, create fast and flexible checkout options, free up staff and allow the store to improve its level of service, while at the same time it will provide increased security. For more information, please visit www.itab.se
The information is such information that ITAB Shop Concept AB (publ) shall publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was published in Swedish at 3.50 p.m. 28th of April 2015.
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 2,800 employees and a turnover of SEK 3,938 million in 2014.