2.2.2021 10:09:26 CET | StrongPoint | Inside information
(Oslo, Norway, February 2, 2020) StrongPoint today announced that the on-demand
delivery platform unicorn Glovo has chosen StrongPoint as its preferred partner
for grocery picking technology.
As Europe's fastest-growing delivery company, Glovo has an estimated valuation
of over USD 1 billion making it a technology 'unicorn'. The company is present
in 22 countries around the world. Glovo provides on-demand groceries via its
retail grocery partners which include Walmart, Carrefour and Spar, and saw
unprecedented levels of growth due to the coronavirus pandemic.
The terms of the partner licence agreement allow Glovo to be the first to use
StrongPoint's SAAS cloud-based third generation picking technology.
StrongPoint's technology is to be integrated into Glovo's logistics platform and
used by grocery retailers to process online orders.
The first project of the partnership will be deploying the technology to a
leading grocery chain in Europe and is expected to start in Q1 2021. The intent
is to deploy StrongPoint's third-generation grocery picking technology to other
countries where Glovo is partnering with local and international grocery
retailers and for StrongPoint to earn recurring revenue through those channels.
"The on-demand economy has changed rapidly in 2020 with delivery providers
around the world pivoting to offer grocery deliveries due to increased demand
following the pandemic. Glovo's selection of StrongPoint as its picking
technology partner underlines the vast global potential for our scalable grocery
picking solution," said Jacob Tveraabak, CEO of StrongPoint.
"Our customers expect us to be effective and efficient, delivering orders with
speed and accuracy. StrongPoint has a proven track record of supplying retailers
and grocery stores with highly efficient picking solutions that make fulfilling
online orders faster. Every day we are onboarding more grocery store partners
and we want to provide them with the easiest way to pick and pack the groceries
orders so we can deliver it to the customer as quickly as possible," said Daniel
Alonso, Vice President of Q-Commerce at Glovo.
Glovo is a pioneering multi-category delivery app and one of the world's leading
delivery platforms. Through the app, users can buy, collect and send any product
within their city at any time. The company has more than 2.5 million monthly
active users, over 25,000 associated partners worldwide and operates in 576
cities across 22 countries, including EEMEA, LATAM, and Sub-Saharan Africa.
For more information about Glovo, please visit: http://about.glovo.com/en/
StrongPoint has over 35 years' experience working in retail technology and
provides e-commerce and in-store efficiency solutions. StrongPoint provides
e-commerce solutions to almost 1,000 stores in over 10 countries and over 3,500
grocery staff workers pick over 2 million items every day with StrongPoint's
StrongPoint is a retail technology company that provides solutions to make shops
smarter, shopping experiences better and online grocery shopping more efficient.
With over 450 employees in Norway, Sweden, the Baltics and Spain and together
with a wide partner network, StrongPoint supports businesses in more than 20
countries. StrongPoint provide cash management and payment solutions, electronic
shelf and self-adhesive labels, click & collect temperature-controlled grocery
lockers, self-checkouts, and in-store and warehouse grocery picking solutions.
StrongPoint is headquartered in Norway and is listed on the Oslo Stock Exchange
with a revenue of 1,1bn NOK [ticker: STRO].
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
* Jacob Tveraabak, CEO StrongPoint ASA, +47 908 21 370,
* Download announcement as PDF.pdf
This information was distributed by Oslo Børs https://www.oslobors.no/