Assa Abloy Door Solutions RDI

The project concerns investments in research, development and innovation activities related to door opening solutions, door automation, identification and access control systems.

Objectives

The project aims at the improvement of security, safety and convenience characteristics of the promoter’s products and services.

Comments

Sector(s)

Industry

Proposed EIB finance (Approximate amount)

EUR 110 million

Total cost (Approximate amount)

EUR 290 million

Environmental aspects

The project concerns investments in research and development that are expected to be carried out in existing facilities already authorised, and an EIA is therefore not required by the Directive 85/337/EC, amended by Directives 97/11/EC and 2003/35/EC. Overall, the project is expected to have a neutral impact on the environment. The Bank’s services will verify details and especially the ones related to the location of the R&D facilities during the project’s due diligence.

Procurement

The promoter is a private company operating in the manufacturing sector not covered by EU Directives on procurement. Procurement is expected to be in line with EIB guidelines for private sector projects, however the Bank’s services will review the relevant details during the project’s due diligence.

Status

Signed - 07/11/2011.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).

Projects

RDI involving door opening, automation, identification and control systems in several countries

E-mail

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The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.

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Guide to procurement

This Guide applies specifically to those components of a project identified for the Bank's financing.