- European customers of the high-tech company TRUMPF will benefit from more favourable financing opportunities.
- The loan will facilitate the purchase of highly innovative, connected industrial machinery for resource and energy-efficient manufacturing.
TRUMPF Bank is set to offer more favourable financing to mechanical engineering companies and other customers in Europe thanks to a €50 million loan from the European Investment Bank (EIB).
The loan will help manufacturing companies to purchase highly innovative machines, such as machine tools for cutting, punching and bending, as well as industrial lasers.
TRUMPF customers in Europe will benefit from lower interest rates for conventional loan financing, leasing and hire purchase. TRUMPF Bank has held a full banking licence since 2014 and offers savings accounts and time deposits for employees in Germany. Its equity ratio is more than 25%, well above the industry average.
The European Investment Bank supports projects focusing on innovation, skills, climate action and strategic infrastructure, passing on funds to companies through credit institutions such as TRUMPF Bank. The funds will be available to small and medium-sized enterprises (SMEs) with fewer than 250 employees and larger companies with fewer than 3 000 employees.
This is the first EIB financing in the form of a global loan for a corporate bank in Germany. The project contributes to three of the EU bank’s priorities: innovation, climate action, and support for small and medium-sized enterprises.
EIB Vice-President Ambroise Fayolle, responsible for operations in Germany, said: “The cooperation with TRUMPF Bank will facilitate access to advanced technology for small and medium-sized companies. Replacement investments can save resources — and this also saves energy.”
“We are proud that, as a small bank, we have managed to secure the EIB as a financing partner. By passing the favourable loan terms on to our customers, we will strengthen our competitiveness in the European capital market,” added Sabrina Mebus, Managing Director of TRUMPF Bank.
TRUMPF is a high-tech company offering manufacturing solutions in the fields of machine tools and laser technology. The company drives digital connectivity in the manufacturing industry through consulting, platform products and software. TRUMPF is a technology and market leader in machine tools for flexible sheet metal processing and in the field of industrial lasers.
In 2020/2021, the company employed some 14 800 people and generated sales of €3.5 billion. With over 80 subsidiaries, the Group is represented in nearly every European country as well as in North America, South America and Asia. The company has production facilities in Germany, France, the United Kingdom, Italy, Austria, Switzerland, Poland, the Czech Republic, the United States, Mexico and China.