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My Evli

Pikval Group acquired by ITAB

Name: Evli
Price range: $

Acquisition by ITAB

May 2016

Sector: Industrial & Business services

Service: M&A

Our role

Exclusive financial adviser to ITAB on the acquisition of Pikval Group

Buyer

ITAB Shop Concept AB (publ), founded 1937, offers complete store concepts for retail chains, and is the market leader in cash registers for retail in Europe, and one of Europe's largest suppliers of shop fittings and lighting systems. ITAB has approximately 3,000 employees and sales of SEK 5.2 billion in 2015. The company is listed on Nasdaq OMX Stockholm

Target

Pikval Group is a Finnish company that produces and sells concept furnishings for the retail trade in metal and wood. The company has a large production facility in Jyväskylä, Finland, with Finland being its main market. The company had sales of EUR 17 million in 2015 and has approx. 100 employees