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2016-03-31

Coor Service Management: Coor Service Management in new collaboration with Veidekke regarding school in Norway

Coor Service Management has signed a new agreement with Norwegian
construction group Veidekke relating to a Public Private Partnership
(PPP) project in Norway. The assignment entails Coor assuming
responsibility for maintenance and FM services at Rykkinn School in
Bærum outside Oslo for 25 years.

The new agreement covers coordination and management of services such
as property maintenance, janitor services and cleaning. The contract
has a term of 25 years with a total contract value of some NOK 100 m,
of which NOK 75 m relates to fixed subscription services. Operations
are scheduled to start in August 2016 when the school year begins.

"PPP projects place high demands on the quality of construction
contractors and service providers alike. Coor has the experience and
competence required for this kind of assignment. This is our first
PPP partnership alongside Coor, and we look forward to professional
delivery and a positive collaboration, commented Erik Økland, Head of
Division at Veidekke Entreprenør AS.

Coor has signed a large number of contracts with new customers in
Norway in recent years. Net sales in the Norwegian operations
increased by 36% to SEK 2,103 m in the full year 2015, corresponding
to 28% of Group sales.

"We're pleased with this new collaboration and look forward to
optimizing the assignment alongside Veidekke. Demand on the FM market
is generally stable throughout the Nordics, particularly in Norway
where we continue to perceive growth potential. Accordingly, we've
strengthened our Norwegian operations in recent years and are well
equipped to meet demand in the region," commented Mikael Stöhr,
President and CEO of Coor Service Management.

For more information, images
etc., please visit www.coor.com
or contact:
Mikael President and +46 10 mikael.stohr@coor.com
Stöhr (mikael.stohr@coor.com) CEO, 559 59 35
Coor Service
Management
Nikolai President, +47 976 nikolai.utheim@coor.com
Utheim (nikolai.utheim@coor.com) Coor 97 167
Service
Management in
Norway
Åsvor Communications +46 asvor.brynnel@coor.com
Brynnel (asvor.brynnel@coor.com) and 8 553 954
Sustainability 04
Manager,
Coor Service
Management

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/8962/9945719/494685.pdf

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