Coor Extends IFM Agreement With Saab

STOCKHOLM, Dec. 18, 2019 /PRNewswire/ -- Coor has extended its IFM agreement with Saab to 2024. This means that Coor will continue to deliver and develop IFM services for Saab at a majority of the company's sites in Sweden. The deal is worth over SEK 300 M annually.

Defense and security company Saab is a globally leading manufacturer of specialized defense products with manufacture at a number of locations around Sweden.

The agreement means that Coor will continue to develop and secure high-quality and cost-efficient delivery of a range of services, mainly property and cleaning, but also mail management, conference services, waste management as well as project management services and property conversions. The extended IFM agreement implies an increased focus on energy optimization.

"We're obviously delighted about the renewed confidence Saab has shown in us and look forward to continuing to develop our collaboration. The new agreement also further confirms Coor's Nordic market leadership in IFM," commented Mikael Stöhr, President and CEO at Coor.

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

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

Klas Elmberg
CFO and IR Director
Coor
+46-10-559-65-80
klas.elmberg@coor.com

This information 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 18 December 2019.

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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SOURCE Coor