Get the app today! Download iPhone App Download Android App

Ocado Surges On Landing French Client For Smart Technology

Published on Nov 28 2017 2:00 PM in Technology tagged: Trending Posts / Casino / Ocado / Grocery delivery

Ocado Surges On Landing French Client For Smart Technology

Ocado Group surged after securing a landmark technology licensing deal with its first major client outside the UK, French supermarket operator Casino.

Casino will use Ocado’s online grocery-delivery system - which encompasses everything from robots picking orders to software that routes them to shoppers’ homes - on its Monoprix.fr website, the companies said in a statement Tuesday. They will spend at least two years building a warehouse to process orders for customers in Paris, Normandy and the Hauts de France region.

The Hatfield, England-based company had spent at least four years hunting for a large international partner, although it struck a licensing agreement in June with a small European grocer that it has yet to name. The company’s shares rose as much as 28% in early London trading, the most since May 2013, having gained 7.3% Monday.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email