LONDON, June 18 (Reuters) - British online supermarket
and technology firm Ocado ( OCDGF ) has expanded its partnership
with Spanish supermarket group Bon Preu with plans to build a
robotic warehouse near Barcelona, it said on Wednesday.
Ocado ( OCDGF ) runs an online supermarket in Britain through a joint
venture with Marks & Spencer ( MAKSF ), though its value is driven
by the sale of its cutting-edge warehouse technology to
retailers around the world.
Its shares are down 30% over the last year reflecting market
anxiety at the pace of new site openings for its existing
grocery retail partners and a lack of further technology deals.
Bon Preu was Ocado's ( OCDGF ) first international partner, signing a
deal in 2017 which enabled it to use Ocado's ( OCDGF ) technology to
fulfil online grocery orders from its stores.
The new automated warehouse, or Customer Fulfilment Centre
as Ocado ( OCDGF ) calls them, at Parets del Vallès in Catalonia, will
enable Bon Preu to offer a broader range of products with
greater freshness and higher availability.
"Our partnership with Bon Preu is an amazing example of a
retailer using the full strategic toolkit that Ocado ( OCDGF ) offers,"
Gregor Ulitzka, Europe President for Ocado Solutions, said.