Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 65,000,000
    Countries
    Sector(s)
    Austria : € 65,000,000
    Industry : € 65,000,000
    Signature date(s)
    13/10/2020 : € 65,000,000

    Summary sheet

    Release date
    22 October 2020
    Status
    Reference
    Signed | 13/10/2020
    20200183
    Project name
    Promoter - financial intermediary
    HIRSCHMANN AUTO TECH SOLUTIONS
    HIRSCHMANN AUTOMOTIVE GMBH
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 65 million
    EUR 137 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the Promoter's investments in research, development and innovation (RDI) on cables, connectors and sensors primarily for automotive and, partly, industrial applications, as well as in digitalisation of production and digitalisation and automation of intralogistic processes. The RDI activities and investments will be carried out at the Promoter's production and development centre in Austria in the period 2020-2023.

    The project aims at developing innovative solutions in the field of special and high-voltage cable harnesses, plugs, connectors, as well as wire and sensor technologies for automotive, industrial automation and e-bikes, most of which are key enablers for the deployment of electrified, more connected and safer vehicles as well as digital industrial technologies. The project also partly includes investments for the deployment of an innovative Smart Production System as well as the deployment of innovative digitalisation and automation technologies for the Promoter's intralogistic processes.

    Environmental aspects
    Procurement

    Research and development activities of this kind are not listed in any of the annexes of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU. The financed activities will be carried out in existing facilities, already authorised, that will not change their scope due to the project, thus not requiring any additional environmental permits. Digitalisation and automation of intralogistic processes include the installation, inside an existing building already covered by permits, of a highly digitalised and automated logistic infrastructure to serve the production at the Promoter's Austrian site. In light of the above, the project does not require an Environmental Impact Assessment (EIA) as per the above-mentioned Directive.

    The Promoter has been assessed by EIB as being a private company not subject to EU rules on public procurement or concessions.

    Disclaimer

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

    Documents

    Environmental and Social Data Sheet (ESDS) - HIRSCHMANN AUTO TECH SOLUTIONS
    Publication Date
    27 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    128951445
    Document Focus
    Environmental Information
    Project Number
    20200183
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - HIRSCHMANN AUTO TECH SOLUTIONS
    Publication Date
    22 Oct 2020
    Document Language
    English
    Main Topic
    lending
    Document Number
    134299388
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20200183
    Last update
    23 Oct 2020
    Sector(s)
    Industry
    Countries
    Austria
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

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

    Related publications