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    Reference: 20180782
    Release date: 19 November 2020

    Promoter – Financial Intermediary

    KINEXON BETEILIGUNGSGESELLSCHAFT MBH

    Location

    Description

    Kinexon is a Munich-based company specialised in precision localisation and motion sensing for industrial and sports applications. The technology is able to process data of objects or people in real time, via a dedicated sensor network and software platform, so that they can interact in a smarter, more efficient and automated way. The research, development and innovation (RDI) investment supports the company's expansion in the growing Internet of Things (IoT) market.

    Objectives

    The investment aims at further enhancing Kinexon's hardware and software platform to enable higher levels of automation and digitalisation in industrial processes. Furthermore, it is expected to strengthen the company's sports and media-related offering (e.g. in the area of athlete monitoring and advanced tactics).

    Sector(s)

    • Telecom - Information and communication

    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 31 million

    Environmental aspects

    The activities to be financed are not listed in any annexes of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU.

    Procurement

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

    Status

    Signed - 30/10/2020

    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).

    Related tags

    Germany Telecom