Envipco Holding-UK Iceland contract inked, we see potential Quantum upside-05/18/2026

Research evidence excerpt

Envipco Holding-UK Iceland contract inked, we see potential Quantum upside-05/18/2026

Envipco Holding

NEWSFLASH | 18 MAY 2026

UK Iceland contract inked, we see potential Quantum upside

In March 2026, Envipco announced it had been selected as exclusive supplier of 1.5k Compact RVMs to an unnamed UK

retailer, today con)rmed as Iceland Foods. The contract builds on Envipco’s Scottish relationship with Iceland, where it

secured ~40% share in 2023, underscoring how early customer wins are translating into broader UK rollout opportunities.

Iceland operates ~950 UK stores, predominantly smaller-format locations suited for Compact machines, but also owns ~200

larger-format Food Warehouse stores with parking capacity, which we believe could create a meaningful future opportunity

for Envipco’s bulk-feed Quantum platform. We see three key takeaways: 1) Iceland is deploying ~1.5 RVMs per store,

supportive for capacity assumptions; 2) Food Warehouse could drive a sizeable second-wave Quantum opportunity; and 3)

Envipco is successfully leveraging its Scottish footprint into wider UK share gains.

Link to news: Iceland

Fabian Jørgensen

+47 22 87 88 43, fabian.jorgensen@paretosec.com

Helene Tingvold

+47 24 02 81 11, helene.tingvold@paretosec.com

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