ITAB - ITAB has signed a 5-year contract to supply shop fitting worth minimum 500 million SEK.

ITAB has signed a 5-year contract to supply shop fitting worth minimum 500 million SEK.

5/2/2011 3:43:00 PM

ITAB has signed a long-term agreement with one of the UK’s largest and most successful chain stores.

ITAB Shop Concept has, for the first time, signed a long-term supply contract of 5 years.

The agreement is signed with one of the UK’s largest and most successful chain stores. The long-term agreement is therefore a good platform and offers stability to both customer and ITAB as the expansion and re-building programmes will be extensive in the future.

The customer, who ITAB has supplied in the past, have decided to choose ITAB as its main supplier and project leader for their expansion and re-building programmes in the UK. The long-term agreement was signed because of, according to the customer, that it establishes a strategic and flexible strength with ITAB as partner, of which both parties will gain advantages as the co-operation is long-term in a changeable industry.

The contract includes production, logistics, installation, project management and product development and is estimated to be worth at least 500 million SEK during the coming years.

The co-operation will also establish a base for a closer co-operation and further areas of collaboration as the customer whishes to pursue to concept-supply which is something they have not applied before.

This information was made public on the 2 of May 2011.

ITAB Shop Concepts certified advisor is Remium AB.

For further information, please contact:

ITAB Shop Concept AB
CEO, Ulf Rostedt                                                          
Telephone: +46 36 31 73 00                                          
Cell. phone: +46 70 694 86 82                                     

Deputy CEO, Mikael Gustavsson
Telephone: +46 36 31 73 00
Cell. phone: +46 70 516 28 66

Box 9054, SE-550 09 JÖNKÖPING    
Telefon: 46 36 31 73 00

www.itab.se

ITAB is the market leader in Europe for checkouts, delivering over of 20,000 units per year to its customers. ITAB Shop Concept AB is listed on the OMX Nordic Exchange and supplies complete shop fitting and interior solutions to the food and non-food retail markets. ITAB manufactures wood and metal equipment, provide design, development, project management and installation expertise and services. ITAB’s product range includes all forms of display equipment, shelving, checkouts, entrance systems/ gates, trolley parks, damage protection and other equipment. The group has around 1500 employees and had a turnover of 2 747 million SEK during 2010.