NIB Nordic Investment Bank

Loan

Sweden. Husqvarna AB

Date of loan: 29 Dec 2017
Country: Sweden
Customer: Husqvarna AB
Amount in SEK: SEK 1000 million
Amount in EUR: EUR 101.59 million
Maturity: 7 years
NACE sector / loan type: Research and development

Sectors

Industries and services

Project

The loan has been provided to finance Husqvarna’s R&D investments during 2017–2019.

Part of the R&D programme focuses on the development of battery-operated equipment for the forestry and gardening sectors, as well as on robotics and new generations of chain saws. The reaming part of the programme aims to advance the development of connectivity technology and the production of lighter and more versatile products.

The company has about 830 employees working in its R&D centres in Sweden, China and Japan.

Husqvarna AB is a leading producer of outdoor power products for forest, park and garden care, as well as light construction products for sawing, drilling, grinding, polishing and demolishing concrete and other hard materials. Founded in 1689, the company employs around 13,000 people in 40 countries today.

Fulfilment of NIB's mandate

Competitiveness:
The investment allows Husqvarna to pursue the development of battery-powered products and to advance its robotics segment, as well as to develop further new generations of chainsaws. Husqvarna has a strong track record of innovation and collaborates with academia and the private sector in NIB’s member countries.

Environment:
The battery-operated equipment is expected to gain market share on behalf of equipment that uses combustion engines. Primary benefits of battery-operated equipment are the reduced levels of noise and emissions into the air, as well as improved levels of health and safety.

Sustainability summary

No significant environmental concerns have been identified.

Back to agreed loans

  • AR2017

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