Coor
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Business description
Coor is a Nordic facilities management company with activities in Sweden, Norway, Denmark and Finland. It is the Nordic region's leader in integrated facilities management ('IFM') – the provision of a single package of support services such as catering, cleaning, security, back office, IT, production-related and facilities management services, for which Coor takes complete responsibility. Margins and growth rates in this sub-sector of the facilities management market are generally above average, reflecting the value to the customer of an integrated solution.
Coor can offer substantial efficiency gains and cost reductions by integrating and managing services within one contract. This has proved attractive to the growing number of Nordic private and public sector organisations that want to outsource their non-core functions.
Cinven strategy
Cinven's strategy for Coor is to further support the company’s growth, both organically and through acquisition. Coor's growth will come from add-on sales and new business arising out of new outsourcing contracts and the acquisition of competitors in Sweden, where Coor already has a strong presence, as well as in other Nordic countries. There is also an opportunity to expand Coor's product range.
