Coor Wins Three-Year Entra Deal for Cleaning, Catering and Reception at 40 Properties

Coor Service Management has signed a three-year agreement with Norwegian property company Entra to provide cleaning, catering and reception services at around 40 properties in Oslo, Bergen and Sandvika, with an annual value of approximately SEK 275 million. news.cision.com published the announcement on November 10, 2026. Coor is a Nordic facility management provider listed on Nasdaq Stockholm since 2015.

Entra Picks Coor After Tender Process

The contract follows what Coor described as an extensive tender process, and the company said it is one of the year's largest IFM contracts in Norway. Work is due to commence in Q2 2027, and the agreement includes an option to extend. Coor will develop the services together with Entra and tailor them to the tenants in each property under a partnership model with shared objectives for customer experience, quality and sustainability.

"We are proud of the trust Entra has placed in us and look forward to working closely together to create attractive and sustainable working environments," said Ola Klingenborg, president and CEO of Coor. "This partnership also reinforces our strong position both in Norway and across the Nordic region."

Entra signed a lease with Norway's Directorate of Integration and Diversity for nearly 3,700 square meters at Grensesvingen 7, Helsfyr, starting in Q4 2027 and running for more than 10 years, The future of trading reported on October 14, 2026.

Coor's Margin Gain and Wisag Stake Moves

Coor reported that adjusted EBITA rose 12% to SEK 149m in the third quarter of 2026, with margin expanding to 5.0% despite flat sales, TradingView reported on October 22, 2026. The same report noted that Denmark's contract losses and below-target LTM cash conversion remain key challenges.

German company Wisag increased its stake in Coor to just under 30 percent, according to a market notice published on August 4, 2026 and reported by Dagens industri. Dagens industri also reported on August 3, 2026 that all six major shareholders who entered in December had sold their holdings, leaving several of the companies' German parent group as the largest remaining owner.

Entra Lease Start in Q4 2027

The Entra lease at Grensesvingen 7 starts in Q4 2027, the same year Coor's services are due to begin under the new agreement in Q2 2027.