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Vanessa Maydon, Corporate Affairs Director.

Cinven Partners LLP
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Email: Vanessa Maydon

Press releases

8 October 2015

Coor signs new contract with Aker Solutions in Norway

Coor Service Management signs a new contract with Aker Solutions to deliver integrated facility management (IFM) services to several sites in Norway. Estimated yearly contract value is SEK 105 m.

Aker Solutions is a global provider of products, systems and services to the oil and gas industry. The deal between Coor and Aker Solutions is an IFM contract, which involves subcontracting of FM services to Coor. Services covered by this contract include cleaning, property services, office services, personnel restaurants, security and reception services to several offices and production facilities in Norway. Coor will also operate housing services for Aker Solutions. Since July 1 2015, Coor delivers IFM services at the Aker Solutions office in Fornebu.

The estimated contract value of the new contract is SEK 105 m. The contract runs for five years, and deliveries start on 1 January 2016. Including the services that Coor already delivers at Fornebu, total yearly contract value with Aker Solutions is approximately SEK 160 m, not including variable restaurant sales.

"This new contract further deepens the ties between our two companies. We are extremely proud that Aker Solutions has chosen Coor as their IFM partner for most of their large facilities in Norway. We look forward to building a mutually beneficial partnership during the contract period," commented Mikael Stöhr, President and CEO of Coor Service Management.