- Business
- ITAB Shop Concept AB (publ) develops, manufactures, sells and installs comprehensive store concepts and equipment for retail chain stores worldwide. The company offers solution design services; customized shop fittings including display counters, gondolas and bespoke fixtures; checkout systems such as ALCO, C-MAX and self-service kiosks; consumer flow and security solutions comprising AlphaGate security gates, queue management systems and barriers; professional retail lighting and sound systems like Avior and Amber series; digitally interactive solutions including click-and-collect interfaces and OnRed platform integrations; as well as installation, assembly, after-care and maintenance services. ITAB serves key sectors including grocery, fashion, home improvement, consumer electronics, health and beauty, cafes and pharmacies, with targeted solutions for efficiency, consumer experience and loss prevention. Founded in 1987 and headquartered in Jönköping, Sweden, the company operates production facilities and sales in over 40 countries across Europe, North America, South America, Asia and Australia, employing approximately 5,400 people.
In recent developments, ITAB completed the acquisition of Financière HMY on January 31, 2025, for EUR 320 million, effectively doubling its size, enhancing its footprint in Western and Southern Europe including Spain, France and Turkey, and broadening its shop fittings and checkout offerings to create cross-selling synergies. The company further strengthened its retail AI capabilities by acquiring the remaining shares of Signatrix GmbH in May 2025, following a minority investment in 2024, to integrate advanced AI for real-time loss prevention, operational efficiency and consumer insights across thousands of stores via its OnRed platform. Post-merger integration emphasizes business continuity, procurement synergies and expansion in grocery and fashion segments, with Q1 2025 sales rising 16% year-over-year.