ITAB Shop Concept has entered into a definitive agreement regarding the acquisition of the Hansa Kontor Shopfitting Group in Germany from Wilh. Werhahn KG. By that ITAB becomes the second largest shop fitting and shop equipment supplier in Europe.


ITAB Shop Concept has entered into a definitive agreement regarding the
acquisition of the Hansa Kontor Shopfitting Group in Germany from Wilh. Werhahn
KG. By that ITAB becomes the second largest shop fitting and shop equipment
supplier in Europe.    

ITAB Shop Concept, with its corporate domicile in Jönköping, Sweden, and market
place at the First North, has entered into a definitive agreement regarding the
purchase of the Hansa Kontor Shopfitting Group, the transaction to be closed on
the 2nd of January 2008.

The Hansa Kontor Shopfitting Group consists of Hansa Harr and Hansa Kontor in
Germany, Hansa Mertens in Belgium and Hansa GWS in England. The turnover of the
Group is approximately SEK 850 million and the Group employs approximately 400
people.

Today Hansa Harr is the market leader in Europe regarding check-outs. The
Company has a  strong market position in Germany and considerable sales also to
England, Central Europe and Scandinavia. After the acqusition ITAB will be the
largest supplier of checkouts in Europe with an annual production of more than
20 000 units. Hansa Harr is located in Niedergurig by Boutzen in the east of
Germany. Extension to the existing premises and investments into production
equipment, are under way in order to increase the capacity.

Hansa Kontor, with its corporate domicile in Cologne, is a well established
concept supplier of complete shops for primarily the German food retailing
market. In addition to a long standing tradition in the shopfitting business the
strength of the Company is design and concept development. The German sales
activities of the Company are concentrated in Cologne. The purchase of Hansa
Kontor gives ITAB an important position in the German shopfitting market.

Hansa Mertens in Antwerpen is market leader in the Belgian market regarding shop
fittings. The Company has a manufacturing plant, focusing on flexibility and
custom-made shelving systems and shopfittings. Hansa Mertens has its own
shopfitting system which primarily is sold to Belgium, France and Germany.
Through the acqusition of Hansa Mertens ITAB's position is strengthened in the
Benelux area.

Hansa GWS is located in Gravesend outside London. Hansa GWS is one of the
leading suppliers of shopfittings and check-outs in England. The Company has a
well developed organization for project management and also a very strong
installation and service business. Through this acqusition ITAB will be the
largest supplier in the English market.

As ITAB, Hansa Kontor Shopfitting Group focuses on the largest European chain
stores. Today Hansa Kontor Shopfitting Group has production facilities of its
own, which are expected to contribute to ITAB's other manufacturing fascilities,
for example in the Czech Republic. 

In addition ITAB through the acquisition becomes the largest supplier regarding
check-outs in Europe, further trade channels for shopfittings and entrance
systems are also created. After the acquisition ITAB will be the second largest
shopfitting and shop equipment supplier in the European market.

The purchase price is € 26,5 million (appr. SEK 250 million). The purchase price
will be paid in cash and will be financed through loans and capital from the
current shareholders. The purchase will have a positive impact on the earnings
per share with at least SEK 1 already in 2008.

About ITAB
ITAB delivers complete shop fittings to the European retailers. The business
consists of project management, design, development, manufacturing and sales.
Included in the concept line of goods are shop fittings, mainly made out of wood
and metal, shop equipment, such as check-outs and entrance systems, and also
products developed by ITAB. The turnover of ITAB Shop Concept was before the
acquisition approximately SEK 2,5 billion per year. The Group has approximately
1300 employees. After the acquisition of Hansa Kontor Shopfitting Group the
total running 12-months sales in the ITAB group is approximately SEK 3,4 billion
per year with 1700 employees.  

The certified advisor of ITAB Shop Concept is Remium AB.

About Werhahn
The Werhahn group is one of the oldest and leading family controlled businesses
of Germany. The group is active in construction materials, kitchen ware, bakery,
products and other activities. The group have an annual turn over of € 2,4 bn
and 8700 employees.


For further information, please contact:

ITAB Shop Concept AB
VD/CEO Jan-Ola Wirehn
Telephone: + 46 36 31 73 00
Cellphone:    + 46 705 776076

ITAB Shop Concept AB
vVD/dCEO Ulf Rostedt
Telephone: + 46 36 31 73 00
Cellphone: + 46 706 948682 


Adress: Box 9054, SE-550 09 JÖNKÖPING
Telephone : + 46 (0)36 31 73 00
info@itab.se, www.itab.se

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