Coor extends and develops IFM agreement with Ericsson in Sweden

Coor has delivered facility management services to Ericsson in Sweden since 2000, making Ericsson one of Coor’s longest-running customers. Coor and Ericsson have today agreed to extend the contract until 2023.

The extended agreement relates to all of Coor’s current service delivery, including security, property service, staff restaurants, cleaning, energy optimization and support during conversion projects and relocations. The ambition is that Coor, alongside Ericsson, continues to develop innovative, cost-efficient and flexible solutions adapted to Ericsson’s future needs.

The extension implies a change to the structure of the agreement, as Coor’s assignment is being extended to include Ericsson’s facility in Lindholmen, Gothenburg, and now encompasses all Ericsson’s facilities in Sweden. At the same time, Coor’s delivery to national markets outside Sweden is being discontinued. This does not affect overall contract volumes.

“We’re delighted to gain the renewed confidence of Ericsson, who is a long-standing customer. Now that we’re assuming responsibility for the full Swedish operations we’re able to step up the pace of innovation and development of our FM delivery to Ericsson. The expansion to include Ericsson in Lindholmen, Gothenburg, also improves Coor’s efficiency, as our presence locally on the west coast of Sweden increases,” commented Mikael Stöhr, President and CEO of Coor.

For more information, images etc. please visit 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

+46 10 559 55 19

magdalena.ohrn@coor.com

This 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 08:00 a.m. CET on 31 August 2018.

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