SARTORIUS R&D

Promoter – Financial Intermediary

SARTORIUS AG

Location

• Germany
• Finland
• France

Description

The promoter is a laboratory and process technology company, covering the segments of Bioprocess Solutions, Lab Products & Services and Industrial Technologies. The project which mainly consists of RDI expenditures related to the development of new products will also include vocational training expenditures. The activities included in the project will be located at the promoter's existing facilities in Germany with some R&D activities taking place in other European countries.

Objectives

The project concerns the research and development (R&D) activities covering the two main businesses of the promoter; the Bioprocess Solutions R&D will primarily target the development of new “single-use” products and flexible manufacturing solutions for the biopharmaceutical industry while the Lab Products and Services R&D will aim at the development of new laboratory products that will be “easy to use” with a special focus on ergonomics.

Sector(s)

• Industry

Proposed EIB finance (Approximate amount)

EUR 90 million

Total cost (Approximate amount)

EUR 207 million

Environmental aspects

The type of R&D activities included in the project is not specifically mentioned under the EIA Directive 2011/92/EU and the project is expected to be carried out in existing facilities without changing their already authorised scope, an EIA is therefore not required. However, full environmental details will be verified during the appraisal.

Procurement

The promoter is a private company not operating in the Utilities sector and not having the status of a contracting authority. Thus it is not covered by EU Directives on procurement. However, the promoter’s procurement procedures are expected to be in line with EIB guidelines for private sector projects. The Bank’s services will verify details during the project due diligence.

Status

Signed - 16/04/2015