Coor Extends IFM Agreement With Vasakronan

Coor has extended its agreement with Vasakronan regarding IFM delivery of property-related services in Stockholm, Gothenburg, Uppsala and Malmö

STOCKHOLM, March 20, 2020 /PRNewswire/ -- Coor's contract with Vasakronan generates annual sales of some SEK 200 M. The agreement which is now being extended is worth some SEK 120 M annually and runs until 2023. In addition, Coor also delivers conference and restaurant services in Vasakronan's premises worth some SEK 85 M annually.

Over the coming years, Coor and Vasakronan will continue to jointly develop new services and concepts focusing on sustainability and making everyday life easier for Vasakronan's tenants.

"It's extremely pleasing that Vasakronan has shown Coor this renewed confidence. Our ambition is to achieve a long-term strategic partnership and we look forward to continuing this work," commented Mikael Stöhr, President and CEO of Coor.

"Coor currently has 205 employees working on the contract every day to deliver service of the highest quality and it is largely thanks to their efforts that we've been shown this renewed confidence. We're now setting the new agenda for creating modern and sustainable service solutions for Vasakronan's tenants," commented AnnaCarin Grandin, President of Coor Sweden.

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

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

AnnaCarin Grandin, President of Coor in Sweden
+46-10-559-57-70
annacarin.grandin@coor.com

Magdalena Öhrn, Communications Director, Coor
+46-10-559-55-19
magdalena.ohrn@coor.com

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, property services 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, Aibel, Det Norske Veritas, E.ON, Ericsson, Equinor, ICA, NCC, Politiet (Danish Police), Saab, Sandvik, SAS, Telia Company, Swedish Transport Administration, Vasakronan, Volvo Cars and Volvo Group.

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

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https://news.cision.com/coor/r/coor-extends-ifm-agreement-with-vasakronan,c3064516

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