As customer expectations continue to evolve, with increasing demands for transparency, traceability, compliance and digital connectivity across increasingly complex global supply chains, ITL continues to invest in the capabilities, expertise and partnerships required to help customers succeed.

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By bringing together highly complementary businesses across labels, packaging, trims, RFID and digital product solutions, ITL is strengthening its ability to help brands, retailers and manufacturers respond to changing market demands.

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Rudholm contributes established customer relationships, product expertise and an international network, while Bamatex adds specialist production capabilities across heat transfers, woven labels, embroidery, reflective products and imitation leather. Together with ITL's wholly owned global production and service network, RFID capabilities and digital product solutions, the expanded ITL Group will be even better positioned to support customers around the world.

Customers will benefit from:

• A broader range of products and services
• Greater access to owned manufacturing
• Wider international support
• Expanded RFID and digital product capabilities
• Improved supply chain visibility, traceability and consistency

Following completion, Rudholm will continue to operate under its established brand, maintaining its customer relationships and market presence within ITL Group. Dennis Lau will continue as CEO, supported by the existing management team. As part of the transaction, Jonas Wollin and Dennis Lau will reinvest in ITL Group, with Jonas joining the ITL Board and continuing to play an active role in strategic customer relationships and market development.

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Neil Henderson, Group CEO of ITL Group, said:

"This acquisition reflects our continued commitment to investing in the capabilities, expertise and partnerships that help our customers succeed. Rudholm and Bamatex are outstanding businesses that have built strong reputations through customer focus, deep market expertise and a commitment to

long-term relationships.

Together, we're strengthening our ability to support brands, retailers and manufacturers with broader capabilities, greater global reach and continued innovation as their needs continue to evolve.

Just as importantly, we're bringing together organisations that share similar values, a long-term perspective and a belief that lasting partnerships are built through trust, expertise and delivering for customers every day."

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Dennis Lau, CEO of Rudholm Group, said:

“Over many years, we have built Rudholm around our customers, our people and long-term relationships. As our industry evolves, we wanted a partner able to strengthen what we offer while sharing our values and long-term commitment.

ITL brings greater manufacturing capability, deeper RFID and digital expertise, and broader global reach, while allowing Rudholm to remain close to our customers and preserve the flexibility, responsiveness and service they know and trust. I am excited about what we will achieve together.”

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Completion of the Transaction is conditional upon clearance under the Swedish Foreign Direct Investment Act (Sw. lag (2023:560) om granskning av utländska direktinvesteringar) by the Swedish Inspectorate of Strategic Products (ISP). The parties expect the Transaction to close on September 1st, 2026, subject to receipt of such clearance.

For further questions, please reach out to us at Hello@itl-group.com

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_{About ITL Group}

_{Established in 1990, ITL Group produces apparel labelling, packaging, RFID and digital supply-chain solutions to brands,}

_{retailers and manufacturers across the world. Its capabilities include printed and woven labels, washcare labels, printed}

_{packaging, heat transfers, RFID, variable-data products and digital product solutions, including DPP and RFID software.}

_{For more information, visit https://www.itl-group.com}

_{About Rudholm Group}

_{Rudholm Group provides packaging, labels, trims and digital solutions to apparel and footwear brands, retailers and}

_{manufacturers. The business operates in 12 countries, with 20 offices and 9 production hubs. Following completion,}

_{the combined group will employ approximately 2,600 people across 18 countries.}

_{For more information, visit https://www.rudholmgroup.com}

_{About Bamatex}

_{Bamatex is a Sweden-based textile-branding and production business.}

_{Its capabilities include heat transfers, woven labels, embroidery, reflective products and imitation leather.}

_{For more information, visit https://www.bamatex.se}

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