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2016-04-04

Coor Service Management: Coor Service Management extends deal with Det Norske Veritas (DNV)

This extended contract is for operation and maintenance of DNV's
properties in Høvik outside Oslo, Norway, and consists of fixed
subscription services and project volumes, totaling an estimated
yearly volume of NOK 35 m. The contract has a two-year term, plus a
two-year extension option.

Det Norske Veritas (DNV) is headquartered at the Veritasparken, in
Høvik outside Oslo. The partnership between Coor and DNV began in
2005. This deal means Coor taking responsibility for delivering and
developing operation and maintenance services at DNV's properties,
which have an area of 100,000 m2, as well as the maintenance of other
landscaped spaces in Veritasparken.

"We're really proud and pleased about our partnership with DNV, one of
our very oldest Norwegian customers. DNV is a customer that applies
high standards, and our mission is to keep developing our services
and delivery so they support DNV and all the visitors to
Veritasparken optimally, in close partnership with the client
organization," commented Nikolai Utheim, President, Coor Service
Management Norway.

Coor's Norwegian operation has been in high growth through recent
years.

"Sales in our Norwegian business grew strongly in 2015. Coor now has
nearly 1,400 staff in Norway, with sales of over NOK 2 billion. We
see more business opportunities on the Norwegian market. One of the
big advantages of outsourcing FM services to a specialist is that we
can deliver them better and cheaper, which means business
opportunities in sectors and periods of poor economic progress, not
least the Norwegian oil and gas sector," added Mikael Stöhr,
President and CEO, Coor Service Management.

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

Mikael Stöhr (mikael.stohr@coor.com), President and CEO, Coor Service
Management, +46 10 559 59 35, mikael.stohr@coor.com

Nikolai Utheim (http://Mailto:nikolai.utheim@coor.com), President,
Coor Service Management in Norway, +47 976 97 167,
nikolai.utheim@coor.com

Åsvor Brynnel (http://Mailto:asvor.brynnel@coor.com), Communications
and Sustainability Manager, Coor Service Management, + 46 10 559 54
04, asvor.brynnel@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 31 December 2015, the company had 6,400 employees (FTE) based
mainly in Sweden, Denmark, Norway and Finland, and annual sales of
SEK 7,500 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

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http://news.cision.com/coor-service-management/r/coor-service-management...
http://mb.cision.com/Main/8962/9948217/495876.pdf

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