Norwegian Grocery Retailer NorgesGruppen Enters into Agreement with StrongPoint for CashGuard Solutions
(Oslo, 9 March 2026), StrongPoint, a grocery technology provider, announces an agreement with the leading Norwegian grocery retailer NorgesGruppen, for StrongPoint’s proprietary cash management solution CashGuard. The value of the agreement is for approximately NOK 120 million. The agreement starts in 2026 and is expected to end in 2028.
NorgesGruppen is Norway’s largest grocery retailer by market share and runs approximately 2,000 grocery stores across multiple brands across the country. The agreement covers product replacements in some of NorgesGruppen’s grocery stores where their existing CashGuard units have reached the end of their life, while many other stores continue to use the same solutions that are still within their life cycle.
“This agreement highlights that grocery retail is a highly resilient industry that continues to invest in technology. It also demonstrates that even in markets such as Norway, where cash usage is among the lowest in Europe, grocery retailers still see clear operational benefits from cash automation as part of their store operations. We are particularly proud to continue supporting NorgesGruppen, one of StrongPoint’s most long-standing customers,” said Jacob Tveraabak, CEO of StrongPoint.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Contacts
- Marius Drefvelin, CFO StrongPoint ASA, +47 958 95 690, marius.drefvelin@strongpoint.com
About StrongPoint
StrongPoint is a grocery retail technology company that provides solutions to make shops smarter, shopping experiences better, and online grocery shopping more efficient. With approximately 500 employees in Norway, Sweden, the Baltics, Finland, Spain, the UK and Ireland, and together with a wide partner network, StrongPoint supports grocery and retail businesses in more than 20 countries.
StrongPoint provides end-to-end e-commerce solutions, including in-store order picking, automated fulfillment (with AutoStore), click & collect temperature-controlled grocery lockers, and in-store and drive-thru grocery pickup solutions. The company also delivers a range of in-store technologies, such as electronic shelf labels, AI-powered self-checkouts, and cash management and payment solutions. StrongPoint is headquartered in Norway and is listed on the Oslo Stock Exchange with a revenue of approximately NOK 1.4 billion [ticker: STRO].