March 26, 2019, 4:11 p.m. EDT

United Kingdom : Ocado lands partnership deal with Australia's Coles

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Mar 26, 2019 (Euclid Infotech Ltd via COMTEX) -- British online supermarket pioneer Ocado has signed a partnership agreement with Australia's Coles Group, its fifth major overseas deal in less than 18 months as food retailers around the globe meet the challenge of online competition.

The deal will see Ocado's technology and software develop Coles Online's grocery business in Australia.

Two robotic distribution centres or customer fulfilment centres (CFCs) as Ocado calls them - will be built and go live within four years, one in Sydney and one in Melbourne.

Coles shares rose as much as 3.1 per cent.

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