Coor consolidates positioning in the Norwegian oil and gas industry

Coor has extended and signed new Integrated Facility Management (IFM) contracts with two Norwegian companies delivering services to the oil and gas industry. The agreements include a range of FM services to be delivered to three larger offices just outside Oslo.

The new and extended contracts have a three to four years term, and a total estimated yearly value of some NOK 40 m. The deliveries start in the second-half-year 2016.

“We’re extremely proud of these new assignments. Now, our mission is to keep developing cost-efficient and innovative service solutions with high quality in close partnership with our clients,” commented Nikolai Utheim, President of Coor in Norway.

Some of the services included are property services (hard FM), office services, cleaning, security and reception.       

“The big advantage of IFM solutions is that they’re flexible and generate better quality at a lower price. So generally, they’re especially attractive for companies and sectors with high change pressure, such as the Norwegian oil and gas industry. For Coor, the market leader in IFM solutions in the Nordics, this means good growth potential in Norway. These new contracts mean we consolidate our positioning further in the sector,” added Mikael Stöhr, President and CEO of Coor.

For more information, pressimages etc., please visit www.coor.com or contact:

Mikael Stöhr, President and CEO at Coor, +46 10 559 59 35, mikael.stohr@coor.com 

Nikolai Utheim, President at Coor in Norway, +47 97 697 167, nikolai.utheim@coor.com 

Åsvor Brynnel, Communications and Sustainability Dirctor at Coor, +46 10 559 54 04,
asvor.brynnel@coor.com

This information is information that Coor Service Management Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at September, 30, 2016, at 08:30 CET.