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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Germany : € 15,500,000
Spain : € 36,500,000
France : € 185,500,000
Services : € 250,000,000
Signature date(s)
19/06/2023 : € 12,500,000
19/06/2023 : € 15,500,000
19/06/2023 : € 36,500,000
19/06/2023 : € 185,500,000
Link to source

Summary sheet

Release date
28 February 2023
Status
Reference
Signed | 19/06/2023
20220748
Project name
Promoter - financial intermediary
AMADEUS RDI INNOVATION PROGRAMME
AMADEUS IT GROUP SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million
EUR 572 million
Location
Sector(s)
Description
Objectives

The project concerns Amadeus' research and development (R&D) activities for the 2023-2025 period. Such activities will mainly be carried out in their European development centre based in the South of France, with the support of development and data centres in other EU countries.

The aim of the R&D activities is to develop a wide variety of new technologies and features, that will be used in the different software products by airlines, airports, travel agencies and railway operators.

Additionality and Impact

The project finances the research programme and digital developments of a Technology and IT solutions provider to the travel industry. It supports investments in Digital technologies aligned with EU policy objectives (Digital Europe Programme, Europe's Digital Decade: digital targets for 2030) and strengthening the competitiveness of the sector while contributing to the Bank's Policy objective "Innovation, Digital and Human Capital". The activities are expected to facilitate the accumulation and diffusion of knowledge within the European industry.

EIB's financing provides a strong signalling effect on the quality of the project (facilitating other financiers), combining longer maturity and reduced the average cost of debt whilst strengthening the overall financial profile of the Promoter.

Environmental aspects
Procurement

The financed activities do not fall under the annexes of the environmental impact assessments (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU) and are therefore not subject to mandatory EIA.

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, and is thus not subject to EU rules on public procurement.

Milestone
Under appraisal
Approved
Signed
12 May 2023
19 June 2023
Link to source
Other links

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).

Documents

Environmental and Social Data Sheet (ESDS) - AMADEUS RDI INNOVATION PROGRAMME
Publication Date
10 Jun 2023
Document language
Main Topic
Lending
Document Number
167817420
Document Focus
Environmental Information
Project Number
20220748
Sector(s)
Regions
Publicly available
Download now

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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.
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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.

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