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Ocado is one of the world’s leading dedicated online grocers. Headquartered in Hatfield, U.K., and founded in 2000, Ocado have been listed on the London Stock Exchange since July 2010 and are a member of the FTSE 250 index with a market capitalisation of £1.73 billion as at 9 June 2017. Their objective is to provide, at a low operating cost, their customers with the best proposition in online grocery shopping. They have developed a leading end-to-end operating solution for online grocery retail based on proprietary technology and intellectual property for operating their our own retail business, which is also deployed to provide platform solutions to our commercial partners. Grocery is the largest of all retail segments and is increasingly moving online supported by the rapid growth of shopping on mobile devices.
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