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Ocado Signs Partnership Deal With Swedish Grocer ICA

Published on May 2 2018 7:43 AM in Technology tagged: Featured Post / Sweden / Ocado / ICA / Partnership / Paywall

Ocado Signs Partnership Deal With Swedish Grocer ICA

Online grocer and technology company Ocado has signed a partnership deal with Sweden's ICA Group to develop its online grocery business.

ICA is Sweden's market leader, with around 1,300 stores and a share of around 36%.

Ocado said that it expected the deal to create significant long-term value to its business, and that the impact of the transaction should be earnings neutral in the current financial year.

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