Ocado to revive with new tech deal

Thursday 25 January 2018 00:13 CET | News

Ocado has unveiled a new international technology deal to boost ecommerce sales.

Sobeys, a Canadian retailer, has agreed to use Ocado’s ecommerce technology to expand its online business.

A similar agreement was concluded in November between Ocado and Casino that also helped to boost Ocado’s shares.

The agreement with Casino included plans to build a customer fulfilment centre using Ocados proprietary mechanical handling equipment.

However, investors are still unsure if Ocado is only a food retailer or rather a technology provider able to command a high valuation of shares.

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Keywords: Ocado, tech, agreement, partnership, ecommerce
Categories: Payments & Commerce | Ecommerce
Countries: World
This article is part of category

Payments & Commerce