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Coor Service Management extends collaboration with Gjensidige

Insurance group Gjensidige has chosen to extend and expand its collaboration with Coor Service Management. For Coor’s part, the agreement relates to delivery of damage services (decontamination) totaling an estimated contract value of some NOK 110 m annually.

Gjensidige is a leading Nordic non-life insurance group. In connection with a review of contracted damage service companies active in the management and decontamination of damages affecting insurance company customers, Skadegruppen (which includes Coor) has been allocated increased damage services volumes. Coor estimates the total contract value at some NOK 110 m annually, corresponding approximately to a 30% increase compared to previous volumes. The new agreement is effective from January 2016 and spans three years.

“Coor is one of the leading damage services players in Norway, and we are delighted that Gjensidige has decided to renew their agreement with us. Gjensidige is a customer with high demands on quality and delivery accuracy, and we look forward to continue developing our delivery together with them,” commented Mikael Stöhr, President and CEO of Coor Service Management.

More information, press images etc are available on www.coor.com. For additional information, contact:
Klas Elmberg President, Coor Service Management
in Norway
+47 452 38 125 klas.elmberg@coor.com
Mikael Stöhr President and CEO,
Coor Service Management
+46 10 559 59 35 mikael.stohr@coor.com
Åsvor Brynnel Communications and Sustainability Manager,
Coor Service Management
+46 10 559 59 83 asvor.brynnel@coor.com

The information is disclosed pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication on January 18, 2016, at 8:30 CET.