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    Reference: 20180651
    Release date: 22 March 2019

    Promoter – Financial Intermediary




    The project comprises the promoter's research, development and innovation (RDI) investments to develop sustainable productivity solutions carried out in its compressor, vacuum and industrial business areas over the 2019-22 period in the EU.


    The project will contribute to developing the promoter's knowledge and know-how in compressor, vacuum and industrial technologies for application in a wide range of industrial equipment. The promoter's RDI activities are essentially driven by the need to develop enhanced product solutions, which allow its clients to increase the levels of productivity, energy efficiency, safety and ergonomics as well as to reduce the environmental impact of their production processes. The project concerns the promoter's investments to be carried out in the 2019-2022 period in its European sites but primarily in Sweden and Belgium.


    Proposed EIB finance (Approximate amount)

    EUR 300 million

    Total cost (Approximate amount)

    EUR 669 million

    Environmental aspects

    The project concerns investments in research and development that are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. However, the Bank's services will review during the project appraisal all the project-related environmental details.


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


    Signed - 3/04/2019


    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).

    Related tags

    Belgium France Germany EU Countries Sweden Industry