Valora expands Swiss convenience market business with avec
The gradual takeover of the 71 service station shops from Oel-Pool is expected to take place from April 2023.
Valora is expanding its cooperation with Oel-Pool by taking over 71 shops from the service station operator. The sites will be converted into modern avec stores. This move increases Valora’s presence in the convenience business at service stations, creating the largest network of convenience stores in Switzerland with around 370 avec stores by the end of 2023.
The gradual takeover of the 71 service station shops from Oel-Pool is expected to take place from April 2023. The shops are located at BP service stations in Western, North-western and Eastern Switzerland. They are to be gradually converted into avec stores with a comprehensive range of convenience products. All locations are secured over the long term.
A collaboration with Oel-Pool’s fuel company Moveri and the acquisition of 39 service station shops was announced back in summer 2021. Most of these stores were transferred to the avec sales outlet network between January and May 2022.
“The expanded cooperation with Oel-Pool confirms our belief that the foodvenience business will remain attractive in the future. In addition to locations in city centres, transport hubs such as train stations and airports, and shopping centres, service station shops fit perfectly into our store portfolio. Moreover, the avec brand and the food share in our business will be further strengthened,” says Michael Mueller, CEO of the Valora Group.
Valora has been active in the service station business in Switzerland for around 20 years.
