Coor Service Management Extends Collaboration with Gjensidige


Insurance group Gjensidige has chosen to extend and expand its
collaboration with Coor Service Management (STO:COOR). 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

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.

Coor Service Management (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 AB Volvo, Aibel, Det Norske Veritas, E.ON,
Ericsson, EY, ICA, NCC, Politiet (Danish Police), Saab, Sandvik, SAS,
Skanska, Statoil, TeliaSonera, Swedish Transport Administration,
Vasakronan and Volvo Cars.

Coor was founded in 1998 and is listed on Nasdaq Stockholm since 2015.
At 30 June 2015 the company had 6,800 employees based mainly in Sweden,
Denmark, Norway and Finland, and annual sales of SEK 7,400 million
(rolling twelve-month basis). 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.

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Coor Service Management in Norway
Klas Elmberg
452 38 125
Service Management
Mikael Stöhr
President and CEO
+46 10
559 59 35
Communications and Sustainability Manager,
+46 10 559
59 83