(BRIEF) Nordic Investment Bank (NIB) and Husqvarna AB, a Swedish manufacturer of electrical products, have signed a €100 million, 7-year loan agreement to fund studies and progression efforts.
(PRESS RELEASE) HELSINKI, April 25, 2024 — /EuropaWire/ — NIB and Swedish power manufacturer Husqvarna AB have signed a seven-year, €100 million loan agreement to finance investment in strength products.
The loan is intended to finance R&D efforts.
The move to battery-powered products reflects Husqvarna’s reaction to the growing call for more sustainable, connected and quiet responses in the industry. From an environmental perspective, this is vital because Husqvarna will be able to particularly reduce its greenhouse fuel emissions through use. phase shifting much of its supply from fuel-powered products to battery-powered products.
Since 2007, NIB and Husqvarna have collaborated on 4 loans. More recently, in 2017, NIB also provided a loan to finance investments in R.
“NIB is proud of Husqvarna in its R
Husqvarna has a track record in innovation and collaborates with universities such as Linköping, Chalmers and KTH, as well as the personal sector. Most of the studies will be done at the R centers
Husqvarna is a leading manufacturer of motorized products for the maintenance of forests, parks and gardens, as well as lightweight building products for sawing, drilling, grinding, polishing and demolishing concrete and other hard materials. Founded in 1689, the company now employs around 13,000 people in 40 countries.
NIB is a foreign monetary establishment owned by 8 member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances personal and public projects inside and outside member countries. NIB has the highest credit score imaginable. , AAA/AAA, from the leading standard scoring agencies
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SOURCE: Nordic Investment Bank
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