Coor signs new IFM agreement with ICA
Coor has signed a new 5-year Integrated Facility Management agreement with Swedish grocery retailer ICA. ICA Gruppen AB is a leading retail company with a focus on food and health in Sweden and the Baltics. The contract starts on 1 November 2019 with a total annual value of some SEK 160 M, of which approximately SEK 100 M represents subscription volumes and the remainder estimated contract volumes. The contract spans five years with the option of extending the agreement at the end of the term.
The new IFM assignment entails Coor delivering property, workplace and security services to 17 of ICA’s warehouse and logistics facilities and offices around Sweden, including ICA’s new head office in Solna, Stockholm.
“We’re delighted to receive ICA’s renewed confidence after a break of a few years,” commented Mikael Stöhr, President and CEO at Coor. “The new agreement is the largest Swedish IFM contract on the market so far this year, further confirming Coor’s Nordic market leadership”.
For more information, images etc. please visit www.coor.com or contact:
Mikael Stöhr, President and CEO, Coor
+46 10 559 59 35
Magdalena Öhrn, Communications Director, Coor
+46 10 559 55 19
This information is information that Coor Service Management Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10:00 a.m. CET on 25 June 2019.
Coor is a leading provider of facility management services in the Nordics, focusing on integrated and complex service undertakings (IFM). Coor offers specialist expertise in workplace services, property services and strategic advisory services for development of customers’ service activities. Coor creates value by executing, leading, developing and streamlining its customers’ service activities, ensuring that they provide optimal support to the core business over time. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, Det Norske Veritas, E.ON, Ericsson, EY, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Equinor, Telia Company, Swedish Transport Administration, Vasakronan and Volvo Cars.
Coor was founded in 1998 and is listed on Nasdaq Stockholm since 2015. Coor takes responsibility for the operations it conducts, in relation to its customers, employees and shareholders, as well as for its wider impact on society and the environment. Read more at www.coor.com