TECHSTEP TO PROVIDE PAN-NORDIC IT AND MOBILE SOLUTIONS TO RECOVER NORDIC GROUP
Techstep has signed a new pan-Nordic IT agreement to provide and operate a complete mobile solution for Recover Nordic Group, the regional market leader in damage control services to insurance and private business. Deliveries include hardware, software, device management, service and support.
Techstep has operated Recover’s IT platform in Norway since 2014 and in Sweden since earlier in 2018. The ability to provide a comprehensive and scalable Nordic offering led to the renewal and extension of the agreement. Recover Nordic is a fast-growing company with 1,800 employees across 100 branch offices in Norway, Sweden, Denmark and Finland.
“Recover Nordic has strict uptime and operational stability requirements. We look forward to continuing our good cooperation with Recover across the Nordic region and help their employees get their work done smarter, faster and better”, says Jens Haviken, CEO in Techstep.
Total potential contract value is estimated to NOK 54 million over three years. The agreement includes an option to extend the duration for two more years, as well as additional upsell opportunities.
About Recover Nordic
Recover Nordic is the clear Nordic market leader in damage control services to insurance companies, with long- term framework agreements with most of the largest insurers, and has a rapidly growing high-margin non-insurance environmental services business. The Company operates in a non-cyclical industry characterised by non-discretionary repeat purchases. Since its establishment as a standalone business in 2013, it has increased revenues by 70% to NOK 2.3 billion per year. Recover is a pan-Nordic operator with full national coverage in Sweden, Norway, Denmark and Finland. Recover has more than 1,800 employees across the Nordics, operating from around 100 branches. For more information, please visit www.recovernordic.com.
About Techstep ASA
Techstep is positioning itself as a leading Nordic enabler of the digital workplace. Techstep delivers hardware, software, connectivity and mobile device management bundled as a managed service. This enables enterprises and their employees do their work across mobile devices and locations, with a high degree of security and operational stability. Techstep has 225 employees based in Norway and Sweden, serving close to 6,000 customers and 658,000 end users across various industries in the private and public sectors. The company is listed on the Oslo Stock Exchange. For more information, please visit www.techstepasa.no.
For further information:
Jens Haviken, CEO, Techstep ASA: +47 930 90 070
Marius Drefvelin, CFO Techstep ASA: +47 958 956