Retail tech and grocery business Ocado has struck an agreement to build a large customer fulfilment centre for a European retailer.
Ocado, which has recently been embroiled in a boardroom row about the future role of founder and chief executive Tim Steiner, did not name its new parter but said it was a “fast-growing European national retailer”.
Ocado will deploy its latest technology, including on-grid robotic picking and a fully automated freezer, at the customer fulfilment centre (CFC), which is expected to become operational in 2028.
According to Ocado, the retailer involved is “enjoying sustained growth [and] expects to quickly transfer its existing online order volumes into the CFC”.
Steiner said: “I’m delighted that Ocado’s world-leading automation and robotics have been chosen to help drive forward the online operations of another leading retailer. Together with our agreement with Asda earlier this year, this partnership highlights the growing demand for our solutions across the breadth of our technology offering.”
The latest partnership is not expected to have a material financial impact for Ocaod in the current financial year.
The company said it “continues to expect to deliver on its market guidance to turn cash flow positive during the second half of this financial year, and to be full-year cash flow positive in FY27”.
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