ITAB - ITAB signs 2-year cash desk contract with Germany’s largest chain of general retailers – value in excess of SEK 50 million

ITAB signs 2-year cash desk contract with Germany’s largest chain of general retailers – value in excess of SEK 50 million

3/14/2008 2:58:00 PM

Through ITAB Harr, a subsidiary in Germany, ITAB Shop Concept (seated in Jönköping and trading on First North) has signed a 2-year cash desk contract with EDEKA.

The contract is for deliveries to EDEKA’s German shops, where the greater part of the existing cash desks are to be replaced over the next 2 years. With around 4,000 shops in Germany, EDEKA is Germany’s largest general retailer. Over the contract period, order value is put at something above SEK 50 million. Particularly in Germany, the deal will contribute positively to ITAB’s operations.

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 details, please contact:
ITAB Shop Concept AB
MD/CEO Ulf Rostedt
Tel: + 46 (0)36 31 73 00
Mobile: +46 (0)706 948682

ITAB Shop Concept AB
Dir. Jan-Ola Wirehn
Tel: + 46 (0)36 31 73 00
Mobile: +46 (0)705 776076
Address: Box 9054, SE-550 09 JÖNKÖPING
Tel: + 46 (0)36 31 73 00
info@itab.sewww.itab.se

Attached file:
Pressrelease080314