March 09, 2016

Coop renews its Application Management Services Contract with Accenture

STOCKHOLM; Mar. 9, 2016 – Accenture (NYSE: ACN) has extended its application management services contract with Coop, the Swedish Cooperative Union KF’s grocery retail business unit, for another five-year period. Financial terms were not disclosed.

The contract is designed to help Coop further enhance operational efficiency and reduce technology costs while enabling them to meet existing and future dynamic business needs.

Accenture will continue to manage applications in all of Coop’s key business and operational areas, including supply chain, merchandising, finance, data warehouse and human resources.

“Accenture’s retail experience, combined with extensive knowledge of application and digital capabilities, make them the natural choice to continue to enhance our portfolio of applications,” said Stefan Hasselgren, CIO of Coop. “The agreement will further strengthen our ability to respond to the ever changing consumer demands in a digital and highly competitive environment.”

Anders Östlund, managing director in Accenture’s Retail practice, said, “Coop operates in an extremely competitive sector and recognizes the importance of having agile and responsive IT services. The work that Accenture is delivering for Coop enables it to focus on its core business activities and strengthen its market position as well as achieve cost savings, while benefiting from enhanced and future-ready application management services that can respond rapidly.”

About Accenture
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions – underpinned by the world’s largest delivery network – Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With approximately 373,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

About Coop
Coop is a leading and cooperative owned grocery retailer in Sweden with 665 stores, 12000 employees and has 3.4 million members. Coop is leading the industry in the sustainability agenda. Together with the retail consumer societies, Coop accounts for 21% of the grocery retail market in Sweden. Its home page is www.coop.se

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Contacts:

Anna Markelius
Accenture
+ 46 8451 3452
anna.markelius@accenture.com