DEVIALET (EGFF)

Promoter – Financial Intermediary

DEVIALET SA

Location

• France

Description

The project concerns the investment programme of an innovative consumer electronics provider to support its growth and successful global market positioning.

Objectives

The proposed investment aims at supporting the promoter's strategy: (i) to develop innovative technologies to be applied to future consumer audio products; (ii) to develop new products to broaden the product portfolio in order to address new market segments; and (iii) to sustain the company's competitiveness in manufacturing its core products' components in-house. The proposed investments also aim also to support the expansion of the company's distribution network with its own stores. The investments are carried out mostly in the EU and predominantly in France.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 20 million

Total cost (Approximate amount)

EUR 83 million

Environmental aspects

The proposed investments concern research, development and innovation activities in consumer audio products, the manufacturing of prototypes and pre-series audio products, as well as related commercialisation activities for their global marketing and distribution. The project activities will be in large part carried out in existing facilities already authorised for similar activities and volumes. As such, the project activities are not subject to a mandatory Environmental Impact Assessment. Overall, the project's environmental impact can be expected to be very limited.

Procurement

The promoter is a private company, not operating in the utilities sector and does not have the status of a contracting authority; thus the project is not covered by the EU directives on procurement.

Status

Signed - 27/07/2018