Release date: 3 October 2019
Promoter – Financial Intermediary
ASSA ABLOY AB (PUBL)Location
Description
The project concerns investments in research, development and innovation (RDI) activities related to door opening and entrance systems, automation, identifications and control systems, aiming to improve security, safety and convenience.
Objectives
The project concerns RDI activities that will be implemented over the period 2019-2022. The exact calendar will be defined during the project's due diligence.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 230 million
Total cost (Approximate amount)
EUR 473 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 authorized scope and would therefore not require an Environmental Impact Assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. The results of this RDI project are expected to contribute to improving the sustainability of entrance solutions, primarily in terms of energy savings. Further details will be analysed during the due diligence.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation Directive 2014/24/EU or 2004/18/EC where applicable, then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/24/EU or 2004/18/EC where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 30/09/2019
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).