ITAB, one of Europe's largest suppliers of shop fittings, has through subsidiaries signed an agreement with The Co-operative Group in the UK with an estimated value of SEK 300 million over a three year period. ITAB will supply shop fittings to the chain's stores in the UK market. The agreement also includes installation and project management.
The Co-operative Group operates over 3,500 stores and is one of the leading supermarket chains in the UK market, with a focus on sustainable and locally produced products.
ITAB look forward to working with The Co-operative Group in their ambitious plan for growth and the development to improve the customer experience. The length of the agreement means a good platform and stability for both the customer and ITAB for the coming years.
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 2,850 employees and a turnover of SEK 5 193 million in 2015.
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 3.15 p.m. 9th of February 2016.