LONDON (Alliance News) - EU Supply PLC Monday said it has won a long-term contract with Oslo Kommune, the Capital City Council of Norway, to allow the city council central procurement and any of its subsidiaries the right to use the company's CTM platform.
The e-commerce business said that the contract is fixed for six years, with up to two years optional extensions, and is expected to lead to more than 50 organisational units and up to 800 users using the CTM platform by the time the new EU Directives become effective in Norway.
Fees depend on the number of users of each module of the service, EU Supply said, adding that this is the third European capital city contract awarded to the company in the last three months.
"This agreement underpins the company's development in multiple markets and confirms management's confidence in growth for 2015 and beyond," EU Supply said in a statement.
Shares in EU Supply were untraded Monday morning, last quoted at 8.875 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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