Germany: Investment Plan for Europe - EIB grants financing to censhare
14 December 2017
The European Investment Bank (EIB) will provide financing of up to EUR 25m to censhare AG, a German software company which develops and sells software solutions to medium and large corporates who are looking to better manage the increasing complexity of digital marketing and communications today. The financing was made possible by the support of the European Fund for Strategic Investments (EFSI). EFSI is the central pillar of the Investment Plan for Europe, under which the EIB Group and the European Commission aim to act as strategic partners to boost the competitiveness of the European economy.
Ambroise Fayolle, Vice-President of the EIB responsible for Germany, commented: “censhare is an innovative vendor of an in-house developed software tool that provides an integrated solution for the marketing and communication needs of medium to large companies across all their communication channels. Supporting investment that is geared towards innovation, skills and greater competitiveness is part of our mission to foster sustainable growth and jobs in Europe.” And he added: “This is, with the support of the Juncker-Plan, our first transaction with censhare. I am delighted, that we are partnering here with a company, which is committed to continuous R&D investments in Europe.”
“Our focus on European innovation has fuelled strong growth for us in 2017 across all of our international markets” commented Stephan Wehselau, CFO, censhare AG “this additional R&D investment marks the next step for our company, as we look to accelerate this growth trajectory to being a leader in this market”.
The EIB and Software AG have signed a loan agreement of up to €130 million. The loan will back Software AG’s research, development and innovation (RDI) activities related to its future enterprise software portfolio. In particular, the RDI programme will focus on Internet of Things (IoT) offerings for industry, such as cloud integration, streaming analytics and machine learning technologies, as well as digital business transformation products and services.
The EIB will provide a loan of EUR 60m to Hüttenwerke Krupp Mannesmann GmbH (HKM), a German producer of crude carbon steel. The financing aims at modernising an existing integrated steel plant to improve the environmental performance as well as to reduce energy consumption and CO2 emissions through the installation of new equipment. The financing was made possible by the support of the European Fund for Strategic Investments (EFSI). EFSI is the central pillar of the Investment Plan for Europe, under which the EIB Group and the European Commission aim to act as strategic partners to boost the competitiveness of the European economy.
The EIB is providing inRiver AB, a Swedish developer of cloud computing based product information management software (PIM), with EUR 8 million in financing to boost the company’s competitiveness in a fast growing market. The transaction comes under the European Growth Finance Facility which benefits from the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.