- 5 June 2017
- Transport / Logistics Services
Ocado is is to export its expertise to Europe, with the announcement that it has reached an agreement with an unnamed European retailer to help build its online grocery delivery operations.
Under the terms of the deal, Ocado will provide its software, knowhow and support services. For the moment however, it is not going to be using Ocado’s automated warehouse technology and will also be using its own staff to pick and pack goods for its customers.
Ocado has been hinting that it would do something like this for a while, only industry watchers expected it to export its full service in much the same way as Ocado is doing for Morrisons. However, it does mean that the UK based firm now has interests outside of the UK, and this prompted a surge in its share price on Monday when the announcement was made.
Until the online delivery programme goes live, Ocado have stated that it will not be announcing the name of the company with which it is working. The online grocer has also kept quiet about the commercial details of the deal that has been struck.
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