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Coor signs new agreement with Equinor

Since 2014, Coor has delivered facility management services to Equinor. Equinor has now chosen to prolong its cooperation with Coor by signing a new agreement relating to service delivery to Equinor’s production sites. The agreement spans five years with an option to extend it for a further three years and has an annual contract value of some SEK 300 M including Coor’s estimate of annual variable volumes. The new contract applies from 1 November 2021.

The agreement means that Coor is responsible for delivering and developing a number of services to Equinor’s staff employed at the company’s production sites. This includes cleaning, restaurant, janitorial and internal services, camps and operational HSEQ. Coor has just under 200 staff under the contract.

“We are delighted that Equinor has shown us their renewed confidence. The Equinor assignment is one of the Nordics’ most exciting and stimulating IFM assignments, and the fact that Equinor has chosen to extend the agreement confirms our strong position in both Norway and the Nordics as a whole,” AnnaCarin Grandin, CEO and President at Coor commented.

The decision is followed by a two week appeal period. The tender process is regulated by the Norwegian forsyningsforskriften”.

In addition, Coor has recently signed a collaboration agreement with Equinor relating to housing services, which entails service delivery for the housing Equinor provides for its staff working on location. The new agreement spans a 16-month period starting 1 November 2021, and has an expected annual value of SEK 40 M. Equinor has an option to extend the housing agreement for a further 12 months. 
 

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

AnnaCarin Grandin, President and CEO, Coor

+46 10 559 57 70

annacarin.grandin@coor.com

Klas Elmberg, CFO and IR Director, Coor

+46 10 559 65 80

klas.elmberg@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 persons set out above, at 14:45 CEST on 15 June 2021.

As the leading provider of facility management services, Coor aims to create the happiest, healthiest and most prosperous workplace environments in the Nordic region. Coor offers specialist expertise in workplace services, property services and strategic advisory services. Coor creates value by executing, developing and streamlining our customers’ service activities. This enables our customers to do what they do best. Coor’s customer base includes many large and small companies and public-sector organisations across the Nordic region, including ABB, AB Volvo, Aibel, DNV-GL, E.ON, Ericsson, Equinor, ICA, NCC, “Danish Police,  Public Prosecution Authority and Prison and Probation Service”, Saab, Sandvik, SAS, 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