This complex operation, set in motion after a meticulous selection of partners, is the result of a Group-wide efficiency and sustainability-enhancing project that will guarantee the future of the Imola plant and minimise any consequences in terms of employment” comments Gianmaria Balducci, President of Cefla. “ Following meticulous analysis of the internal situation, we deemed the partnership with Itab and cession of the Shopfitting line to be an opportunity that will ensure business continuity and provide good cross-selling potential. There will also be a sharp focus on safeguarding the industry-specific skills in which Cefla has invested in recent years. Such improvements will also be driven by the technological support provided by Itab. To get maximum throughput through your checkout zone, ITAB offers a variety of self service checkouts, from basket to bag solution to trolley to bag, to fit all your needs of consumers. This operation is part of a medium-term industrial plan that will allow, in the competitive setting of the large-scale retail industry – characterized by sharp polarization among industry players – an improvement in current positioning with the establishment of an industrial hub for the manufacture of shelving, checkouts and other highly competitive shopfitting products for European markets. Through this agreement the Cefla Shopfitting BU becomes part of Itab – a holding company listed on the Stockholm Stock Exchange – the European leader in Retail Concepts and the design of sales environments, with annual revenues of over €500 million, over 3,200 employees and a presence in 28 countries. This partnership agreement will see Cefla continue to hold a 19% share (and a place on the Newco’s Board of Directors) for the next three years) and safeguards the entire workforce at the Imola plant. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.“Imola Retail Solutions”: this is the name of the Newco that will be formalised on 1 January 2021 – following the framework agreement Cefla signed with ITAB La Fortezza S.p.A., the Italian subsidiary of Swedish group Itab Shop Concept AB – with the cession of Cefla’s Shopfitting Business Unit branch. This is in all respects a translation of the Swedish original press release. This information was submitted for publication at 10:00 a.m. Intelesis SpA Inglen SpA (20) ITAB Group Ltd (28) (UK) Ital Design SpA ITALOX Ltd IVG SpA (20) Leasing Pubblico SpA (40) Nuova Valvotecnic. Together we make a difference”, concludes Andréas Elgaard. For example, last year we retrofitted 350 stores for one of our customers in Europe with modern track lights, which saves 33 million kWh and reduces CO2 emission with over 8,300 tons per year for that customer alone. “We have succeeded to improve our LED spotlights significantly during the past 5 years with substantially lower energy consumption, for the benefit of our customers. With our retail expertise, long-term relations and innovative solutions ITAB is at the forefront as partner to the worlds most prestigious retailers. Since lighting consumes around 15 percent of all energy produced globally and accounts for 5 percent of all Greenhouse Gas emissions, this is in focus for all of our customers”, says Andréas Elgaard, President & CEO of ITAB Group. ITAB Group sells, designs, develops, manufactures and installs complete shop concepts for retail chain stores. “One of our specialities is to help retailers save operational cost and minimize the footprint of their operations. This equals the CO2 emissions from some 180 gasoline-powered passenger cars during one year. The chain retrofitted 30 stores with modern LED lighting solutions from ITAB during the year, which will save 3,3 million kWh in lower energy consumption each year, equivalent to approximately 840 tons of lowered CO2 emission. With our expertise, long-term relations and innovative solutions ITAB is at the forefront as partner in the retail business. In close co-operation with a leading European grocery chain, the ITAB Group has managed to reduce the chain’s energy consumption for lighting substantially in 2021. ITAB Group sells, designs, develops, manufactures and installs complete shop concepts for retail chain stores.
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