ITAB Appoints Financial Adviser
JNKPING, Sweden, May 28, 2020 /PRNewswire/ -- ITAB group appoints adviser with respect to its financial options to transform its business and consolidate its market position as the leading retail solution provider.
- JNKPING, Sweden, May 28, 2020 /PRNewswire/ -- ITAB group appoints adviser with respect to its financial options to transform its business and consolidate its market position as the leading retail solution provider.
- At ITAB we help customers turn consumer brand experience into physical reality with our know-how, solutions and ecosystem of partners.
- After many successful years of growth and attractive levels of profitability, ITAB has over recent years experienced a dynamic market environment driven by changing consumer behaviors.
- ITAB will focus on three areas to help drive the transformation:
The operating model will be streamlined through shared core processes and information in order to drive synergies, reduce costs and increase service levels to the market
To fuel the transformation and improve the capitalisation of our business, a financial structure review will be undertaken to ensure ITAB is best positioned for the benefit of all stakeholders
"We have appointed Macquarie Capital as independent financial adviser and when we have further information about the outcome of the financial review and its conclusions, we will update the market accordingly",says Andras Elgaard, President & CEO of ITAB Group.