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Frame Agreement with Maxbo for Pricer Electronic Shelf Labels from StrongPoint with value of up to 60 MNOK

Published: 30. November 2022

StrongPoint has today signed a frame agreement with Løvenskiold Handel AS, to supply and install Pricer Electronic Shelf Labels (ESL) to their Maxbo stores in Norway.  

This will be the first ever roll-out of ESLs at Maxbo stores and installation is set to start in Q1 2023 and expected to be completed by end 2024. The value of the frame agreement is up to NOK 60 million, including the cost of installation and future technical support. 

“In light of increasing price competition and customer expectations in our industry, the agreement with StrongPoint is a key enabler for Maxbo’s new pricing strategy, ensuring updated and competitive prices at all times. Furthermore, customers will gain from even better service as automation of tasks frees up valuable time for employees. Throughout the procurement process StrongPoint has stood out with their flexibility to meet our demands, ability to provide technical and commercial guidance, and proven track record to deliver large-scale rollouts. We look forward to a strong and long-lasting relationship.”

Carl Otto Løvenskiold, CEO of Løvenskiold Handel AS

“We are extremely proud to have signed an agreement with one of the major players in the Norwegian DIY market in a competitive tender. This is a perfect example of the spill-over opportunities of our strategy to first focus on the grocery segment and then expand. Our winning bid is a testament to our outstanding reputation for customer service and as a trusted long-term partner for retailers,” said Jacob Tveraabak, CEO of StrongPoint ASA.  

“This is especially great news for Pricer and StrongPoint, coming on the back of our recently announced strengthened and expanded partnership. It is also fantastic to see that Maxbo has made a strategic choice to equip the whole DIY chain with a sustainable, reliable and high-performance shelf-edge solution that will contribute to their digitalization moving forward,” said Magnus Larsson, acting CEO of Pricer.