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    Reference: 20190758
    Release date: 26 November 2020

    Promoter – Financial Intermediary

    SOFTWARE AG

    Location

    Description

    The project concerns the development activities of Software AG in relation to its future enterprise software portfolio. The focus of the research, development and innovation (RDI) programme will be on the integration of distributed architectures, Internet of Things (IoT), data analytics and digital business transformation products and services.

    Objectives

    The project concerns the development activities of Software AG in relation to its future enterprise software portfolio. The focus of the RDI programme will be on the integration of distributed architectures, Internet of Things (IoT), data analytics and digital business transformation products and services. The project will be mainly carried out in Germany.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 130 million

    Total cost (Approximate amount)

    EUR 277 million

    Environmental aspects

    The investments will concern RDI activities carried out mostly within existing facilities. Therefore, it is unlikely that the project will fall under the Annexes of Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Nevertheless, the Bank will further assess the project during the appraisal of its environmental impacts.

    Procurement

    The Promoter has been assessed as being a private company not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the Promoter is after all subject to EU public procurement legislation (i.e. Directive 2014/25/EU), 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 2014/25/EU and Directive 92/13/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 10/09/2020

    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 EU Countries Services