Corporate persbericht
GEA broadens funding base
10 Jul 2018
GEA Group Aktiengesellschaft has signed a EUR 150 million loan agreement running until 2025 with the European Investment Bank (EIB) to finance its research, development and innovation spending. By utilising the very attractive financing terms currently on offer, GEA is taking early action to diversify and extend the maturity of its already good funding base.
“With this loan agreement GEA is demonstrating that, even in difficult economic circumstances, its determination to place its faith and invest in groundbreaking innovation is undiminished. Our research and development is always geared to being able to offer our customers ever more energy efficient products for their production processes, so reinforcing GEA’s leading market position”, said Dr. Helmut Schmale, CFO of GEA Group Aktiengesellschaft.
The EIB Vice-President with responsibility for the EIB’s business in Germany, Ambroise Fayolle, stressed: “Europe continues to face major competitiveness and innovation challenges. As the EU bank, we therefore support investments that lead to greater innovation, technological skills and competitiveness. This is part of our task of strengthening Europe’s economy on a sustainable basis, because innovation and skills are key to creating sustainable and high quality jobs, especially in a country like Germany that competes globally. So I expressly welcome the continuation of our fruitful cooperation with GEA through this transaction.”
Media Relations
GEA Group Aktiengesellschaft
Peter-Müller-Str. 12
40468
Düsseldorf
Germany
+49 211 9136-0
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About GEA
GEA is one of the world’s largest suppliers of systems and components to the food, beverage and pharmaceutical industries. The international technology group, founded in 1881, focuses on machinery and plants, as well as advanced process technology, components and comprehensive services.
