ITAB aquires Cefla’s retail solutions business unit and strengthens the market position in southern Europe
ITAB La Fortezza s.p.a. has entered into a Sale and Purchase Agreement with Cefla soc. coop. to acquire Cefla's retail solutions business unit.ITAB Shop Concept AB's (publ) Italian subsidiary ITAB La Fortezza s.p.a. (“ITAB”) has on October 8th, 2020 entered into an agreement with Cefla soc. coop. (“Cefla”) to acquire 81% of Cefla’s retail solutions business unit. The business unit will be carved-out of Cefla’s existing structure and transferred to a newly established Italian limited liability company. ITAB has the right to acquire Cefla's minority stake held in said company after 3 years