It is gratifying to create this collaboration and to be able to offer a better portfolio of solutions to our customers and long-term perspective for our employees.” Gianmaria Balducci, Chairman of the Board of Cefla. “We look forward to working with ITAB, which is Europe's leading supplier of complete concepts to retail, as we are convinced that this means an improvement for our customers and employees.
Together, we will develop the offer to Cefla's existing customers by being able to offer ITAB’s solutions in checkouts, selfcheckouts, gates, lighting, store fittings and interactive digital products to create easy, efficient and inspiring consumer experiences.” Andréas Elgaard, President and CEO of ITAB. We welcome Cefla's employees and the collaboration with them in the coming years. “Cefla has a strong position in southern Europe and we see their expertise and long tradition in the Grocery sector as strategically important for ITAB as it strengthen our market presence in southern Europe. The positive EBITDA effect in 2021 on ITAB is estimated to at least 30 MSEK and the transaction will create opportunities for further synergy effects the coming years. Through the acquisition and collaboration with Cefla, ITAB strengthens its leading position in southern Europe and creates opportunities to offer ITAB’s solutions to a wider customer base. Cefla has taken a strategic decision to exit the retail solutions business and focus on its core business. Cefla’s retail solutions business unit primarily offers interior design and checkout solutions to its customers, who are predominantly located in southern Europe and within the grocery sector. ITAB has the right to acquire Cefla's minority stake held in said company after 3 years from the transaction’s completion date.Ĭefla is an Italian corporation headquartered in Imola and comprises multiple business units. The business unit will be carved-out of Cefla’s existing structure and transferred to a newly established Italian limited liability company.
(“ Cefla”) to acquire 81% of Cefla’s retail solutions business unit. (“ ITAB”) has on October 8th, 2020 entered into an agreement with Cefla soc. ITAB Shop Concept AB's (publ) Italian subsidiary ITAB La Fortezza s.p.a.
to acquire Cefla's retail solutions business unit. has entered into a Sale and Purchase Agreement with Cefla soc.
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