Release date: 20 May 2016
Promoter – Financial Intermediary
ASSA ABLOY AB (PUBL)Location
Description
The project concerns investments in research, development and innovation activities related to door opening, i) entrance automation, identification and ii) access control systems, aiming to improve security, safety and convenience features.
Objectives
The project will contribute to increasing the promoter's knowledge and know-how in door opening, entrance automation, identification and access control technologies. Due to the promoter's close collaboration with customer industries and suppliers, the project is also expected to contribute to the diffusion of new knowledge and bring about a positive stimulus to further R&D and innovation.
Comments
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 140 million
Total cost (Approximate amount)
EUR 314 million
Environmental aspects
R&D activities are not specifically mentioned under the EIA Directive 2011/92/EU, and the project is expected to be carried out in existing facilities. However, the Bank's services will review during the project appraisal all the project-related environmental details.
Procurement
The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus it is not covered by EU Directives on procurement.
Status
Signed - 10/03/2016
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).