ITAB Shop Concept AB (STO: ITAB), a Swedish provider of retail solutions including design services, interiors, checkout systems and digital store solutions, announced on Friday that it has acquired all shares in Blink AB, a Swedish solution-focused agency specialising in brand and retail design.

The acquisition is a strategic investment to expand solution-based design capabilities for the retail sector, with closing taking effect immediately.

Blink AB generates annual turnover of approximately SEK13m and reports good profitability. The company serves customers across Europe as well as other international markets.

ITAB Group said solution-based design services are central to capturing new opportunities that enhance consumer shopping experiences and improve store operational reliability. The transaction is expected to have a marginal positive effect on ITAB Group's earnings per share during the current financial year.