ITAB Shop Concept AB Acquires British Maxted Holding Group

ITAB Shop Concept AB announced that the Company has acquired Maxted Holding Group in Great Britain. The company will become wholly owned subsidiary of the Company. It is engaged in sales, project management, installation and production of wooden equipment for chain stores in the British market. The company's clients are GAP, New Look, H&M, Oasis, Joules, Specsavers and Debenhamns. The purchase price amounts to approximately SEK 22 million in cash. The company reached sales of SEK 130 million in 2011. The acquisition has a marginally positive effect on the earnings per share.