ITAB Group has signed an agreement with a leading grocery chain for the delivery of entrance & exit gates with integrated software aimed at improving loss prevention in their stores across Europe. The implementation will begin in May 2024 and the total value of the contract is estimated for at least EUR 8 million over three years. Together with the customer, a Dutch based leading grocery chain with global footprint, ITAB has developed tailored loss prevention solutions for the customer's stores with the aim of reducing the risk for theft and shrinkage.

Under the contract, ITAB will deliver and install products and software in stores across several European countries, including the Netherlands, Belgium, Czech Republic, Serbia, Romania, and Greece. The total value of the products and other services under the contract is estimated for at least EUR 8 million over three years.