Coor Service Management signs agreement with Sandvik

Following a comprehensive procurement process, engineering group Sandvik is signing a five-year agreement with Coor Service Management. The agreement is worth an estimated total of SEK 350-400 million and will see Coor taking total responsibility for service delivery within one of Sweden's largest industrial areas, the Sandvik estate in Sandviken, northern Sweden.

Sandvik is a high-technology engineering group with advanced products and a world-leading position within selected areas. During autumn 2008, Sandvik has conducted a comprehensive procurement of workplace and property-related services for its major industrial estate in Sandviken, which is just over 2,600,000 square metres in area.

"We are delighted with this new assignment. We have a particular ambition to grow in the manufacturing and engineering industry, and view the order from Sandvik as affirmation that we have a strong, competitive proposition for this segment. We now look forward to working closely alongside Sandviks FM-unit to deliver and develop services that support their operation in the best way possible," says Staffan Ebenfelt, President of Coor Service Management in Sweden.

The new agreement with Coor comes into force on 1 February 2009. The agreement will see Coor taking on the main responsibility for the care and development of all buildings and the outdoor environment on the Sandvik estate, as well as internal services for the more than 5,000 people who work there. Some of the services included in the agreement are property maintenance, waste management, security, cleaning, canteen services, telephony, reception and internal post management.

For further information, please contact:

Hans Josefsson, Business Unit Manager, Coor Service Management,
phone: +46 (0)8-553 959 19

Åsvor Brynnel, Head of Corporate Communications, Coor Service Management, phone: +46 (0)8-553 954 04