Coor extends agreement with Equinor

In 2014, Coor became Equinor’s main provider of facility management services. The initial contract period was five years and runs until July 2019, with the possibility of an extension. Coor and Equinor have today agreed to extend the agreement with two years, until July 2021, with an option to extend it for a further three years. The agreement is estimated to be worth SEK 1 billion annually.

The extended agreement relates to the operations and maintenance of Equinor’s 500,000 m2 of offices and production facilities in Norway. Just over 500 of Coor’s staff work under the Equinor contract.

“There’s a great deal happening at Coor in Norway right now, in terms of acquisitions and extended customer contracts. The Equinor assignment is one of the largest IFM contracts in the Nordics, and the fact that Equinor has chosen to extend the agreement confirms our leading position in both Norway and the Nordics. We see continued business opportunities on the Norwegian market”, commented Mikael Stöhr, President and CEO at Coor.

“It’s been an exciting journey for us at Coor Norway from when we first won the Equinor contract in 2014. We have accumulated a great deal of expertise as a result of the collaboration, particularly within the domain of HSEQ. We value the confidence Equinor has shown us and look forward to further developing our service delivery over the coming years”, commented Nikolai Utheim, President at Coor in Norway.

Please find more information, images etc. at www.coor.com or contact

Mikael Stöhr, President and CEO, Coor

+46 10 559 59 35

mikael.stohr@coor.com

Magdalena Öhrn

Communications Director, Coor

+4610 559 55 19

magdalena.ohrn@coor.com

This constitutes information which Coor Service Management Holding AB is required to publish un-der the EU’s Market Abuse Regulation. The information was submitted for publication through the above contact person on 17 August 2018, at 11:30 a.m. CET.

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 (soft FM), property services (hard FM) 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, Statoil, 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