La Fortezza joins Itab Group

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Following approval of Russian authorities, on October 26, 2016 shareholders of La Fortezza S.p.A. have sold its entire share package to Itab Group, one of the main European suppliers of shop furniture, checkouts and lighting systems with registered offices in Jönköping (Sweden). The agreement stipulates that the current management of La Fortezza will continue managing the Group in Italy and its markets, ensuring full continuity of business management and also maintaining the company’s leadership.

ITAB  is a European market leader in the checkout segment and one of the main suppliers of all-inclusive solutions. The group has about 3,000 employees, with a turnover of 5,193 million Swedish Kronas (about 550 million Euros) in 2015 and is listed on Nasdaq Stockholm.

 

glaucofrascaroli “We are looking forward to being a part of Europe’s leading supplier of total concepts in the retail trade. It secures all our futures and we can now offer a complete and cost effective total concept giving us a stronger customer market base.” 

Glauco Frascaroli, CEO La Fortezza.

 

ulfrostedtsx “The acquisition is in line with our strategy
of offering a total concept for the retail trade in Europe. The acquisition further strengthens our market leading position in Europe and gives us a strong position in southern Europe. Through the acquisition, we can offer La Fortezza’s customers a wider product portfolio in the form of checkouts, self-checkout systems and lighting products.”
Ulf Rostedt, CEO ITAB Shop Concept AB.