Coor Service Management Extends and Expands Collaboration with Saab

Regulatory News:

Defense and security group Saab has chosen to extend and expand its collaboration with Coor Service Management (STO:COOR) for a further five years. The agreement means that Coor will continue to deliver and develop several services for Saab at most of its sites in Sweden. The new contract also includes Saab’s plant in Karlskrona.

The defense and security group Saab is a leading global manufacturer in multiple areas of military defense with manufacturing facilities at a number of sites across Sweden. The agreement relates to integrated facility management comprising fixed subscription services with the potential for additional project volumes worth some SEK 260 m annually. The agreement is being extended for five years.

"We’re incredibly proud of extending our collaboration with Saab, a customer with high demands on quality and efficiency. We take every assignment as a proof of confidence, and our ambition now is to deepen and develop the collaboration in close partnership with Saab,” commented Mikael Stöhr, President and CEO of Coor Service Management.

The agreement means that Coor will continue to develop and deliver a number of high-quality, cost-effective services, mainly comprising property services and cleaning, but also for example mail handling, conference services, waste management as well as project management and refurbishment. The extended agreement also implies an increased focus on development projects and energy optimization. The new assignment also includes service delivery to Saab’s Karlskrona site, which means that a further 13 members of staff will be joining Coor Service Management.

"Our objective is to create solid, cost-effective operational solutions. We’ve worked on harmonizing service levels across our sites and offices for some years now, and this work is set to continue,” commented Torbjörn Nibelius, Head of Property at Saab.

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

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. Read more at www.coor.com

The information is disclosed pursuant to the Swedish Financial Instruments Trading Act. The information was submitted for publication on December 14, 2015 at 08:30 CET.

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