May 4, 2018 - Assignment

ICA enters into cooperation agreement with Ocado Group PLC

The ICA Group, through ICA Sverige, has entered into a cooperation agreement with the UK-based company Ocado Group PLC and will use Ocado's e-commerce platform and technology for highly automated e-commerce warehouse solutions. The agreement will serve to improve ICA's customer offering and efficiency in the online grocery services and, going forward, also in other products areas. ICA will invest appr. MSEK 600 during 2018-2022 in a fully automated e-commerce solution, which will include Ocado's technology and e-commerce platform, specifically designed for online grocery services. The project will require investments within ICA Real Estate of appr. MSEK 500.

Ocado has a world leading e-commerce platform for online grocery services and has presence on the UK-market since 2000. Ocado has previously entered into cooperation agreement with other grocery chains in UK, Canada and France.

Mannheimer Swartling acted as advisors to Ocado.