Ocado Signs First Major International Agreement for Its Ocado Smart Platform;Deal SupportsGroupe Casino’s Online Grocery Push

Executive Summary

• Ocado has signed a deal with Groupe Casino to support Casino’s e-commerce service, beginning with Monoprix.fr.
• The deal will give Casino access to Ocado’s end-to-end solution, which includes an automated warehouse, front-end website functionality, last-mile routing management and real-time implementation.
• The agreement includes the development of a customer fulfillment center in France. The construction and launch of the facility is expected to take at least two years.
• Casino paid Ocado upfront fees upon signing and will continue to pay Ocado through the development of the fulfillment center, after which Ocado will charge Casino based on utilization of the capacity within the facility.