An announcement from StrongPoint ASA ( (DE:PGT) ) is now available.
StrongPoint has been selected by a leading UK cosmetics retailer to design and install their first AutoStore solution, valued at approximately MNOK 35 and expected to be delivered over the next year. This marks StrongPoint’s first AutoStore installation in the UK, following their successful implementation of the world’s first AutoStore Multi-Temperature Solution. This contract underscores StrongPoint’s expertise in retail e-commerce and automation, potentially strengthening their market position and expanding their footprint in the UK retail sector.
More about StrongPoint ASA
StrongPoint is a grocery retail technology company that provides solutions to enhance the efficiency and experience of shopping, both in-store and online. With a workforce of approximately 500 employees across several countries, including Norway, Sweden, the Baltics, Finland, Spain, the UK, and Ireland, StrongPoint supports grocery and retail businesses in over 20 countries. The company offers end-to-end e-commerce solutions such as in-store order picking, automated fulfillment systems like AutoStore, and various in-store technologies, including electronic shelf labels and AI-powered self-checkouts. Headquartered in Norway, StrongPoint is listed on the Oslo Stock Exchange.
YTD Price Performance: -6.81%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €37.62M
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