ITAB - ITAB has signed an exclusive 2-year contract to supply checkouts in Scandinavia

ITAB has signed an exclusive 2-year contract to supply checkouts in Scandinavia

3/26/2009 3:27:00 PM

ITAB Shop Concept has signed a contract with the supermarket chain Coop to supply checkouts for the Scandinavian market. This is an exclusive contract that will run for 2 years (2009/2010) where both parties also have the opportunity to extend the contract for a further 1 year to include 2011. The contract covers supplying checkouts to Coop stores in Sweden, Norway and Denmark.

The contract is estimated to be worth around SEK 60 million during this period and will thereby provide a production and sales boost to ITAB’s units in Scandinavia. It’s mainly ITAB’s checkout manufacturing in Sweden that will be positively affected.

For more information, please contact:

ITAB Shop Concept AB 

President/CEO  Ulf Rostedt  
Tel. +46 36 31 73 00
Mobile: +46 70 694 86 82

CFO Magnus Olsson
Tel. +46 36 31 73 00
Mobile: +46 70 544 47 89

Box 9054, SE-550 09 Jönköping    
Tel. +46 [0]36 31 73 00  
info@itab.sewww.itab.se