Assa Abloy Financial Services AB
| Date: | 25 Jun 2020 |
|---|---|
| Country: | Sweden |
| Customer: | Assa Abloy Financial Services AB |
| Amount in EUR: | EUR 135 million |
| Maturity: | 7 years |
| Business sector: | Industry & Real Estate |
Project
NIB has provided the loan in two tranches with maturities of six and eight years respectively for research and development investments in Sweden and Finland during 2020–2023. The R&D hubs in Sweden are located in Stockholm, Halmstad, Norrköping, Landskrona, Eskilstuna and Gothenburg. The hubs in Finland are located in Joensuu and Helsinki.
In 2013, NIB signed a EUR 110 million loan to finance Assa Abloy’s R&D investments.
Assa Abloy AB is a global leader in the industry of locks, entrance automation and security doors. The company was founded in 1994 through a merger between the lock businesses of Swedish Assa and Finnish Abloy.
Fulfilment of NIB's mandate
Investments in research and development activities can turn ideas into successful products and new production techniques and lead to significant productivity gains.
Sustainability summary
NIB has not identified any significant environmental aspects regarding the R&D programme.