ITAB - ITAB signs a long-term agreement with one of Europe's major retail chains about delivery of lighting

ITAB signs a long-term agreement with one of Europe's major retail chains about delivery of lighting

12/19/2016 3:30:00 PM

ITAB, one of Europe's leading suppliers of shop fitting concepts and professional lighting system, has through subsidiaries signed a five-year agreement with one of the largest retail chain stores in Europe for retail lighting to an estimated value of up to SEK 500 million.  The agreement is in line with the Group's continued investment in the development of professional lighting system to the retail sector and strengthen the market position in Europe.

The agreement means that ITAB through its global presence will replace existing lighting in several hundred stores with energy-saving LED technology. The agreement duration and extent forms a good platform and stability for both the customer and ITAB for the coming years.

The information provided is such that ITAB Shop Concept AB (publ) shall publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. This information was submitted for publication in swedish at 3:30 p.m. 19th of December 2016.

 

For further information, please contact:

 

ITAB Shop Concept AB 
CEO Ulf Rostedt 
Telephone: +46 36 31 73 00
Mobile: 0706-948682

 

 ITAB Shop Concept AB 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 3,600 employees and a will have a yearly turnover of SEK 6 500 million. ITAB B-share is listed on the Nasdaq Stockholm.