Release date: 5 September 2017
Promoter – Financial Intermediary
SOFTWARE AGLocation
Description
The project concerns the research, development and innovation (RDI) activities of Software AG in relation to its new software products supporting the digitalization of business processes. The key focus will be on software applications related to the Internet of Things (IoT), as well as the management of big data.
Objectives
The project will support R&D activities for enterprise applications. Hence it will strengthen the European software industry in a very competitive market dominated by US suppliers.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 211 million
Environmental aspects
The investments will concern RDI activities mostly within existing facilities. Therefore, it is unlikely that the project will fall under Annex I and II EU Directive 2014/52/EU (amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU).
Procurement
Procurement is expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project's due diligence.
Status
Signed - 5/09/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).