NIB finances Danish NKT’s R&D programme

Professional cleaning equipment. Photo: Nilfisk-Advance

NIB and the Danish company NKT Holding A/S have signed a loan agreement totalling EUR 65 million (DKK 485 million). The eight-year loan finances the company’s R&D investment programme for 2014–2018 and capacity build-up.

The investment is aimed at financing NKT’s extensive R&D programme to further develop the company’s three core businesses: professional cleaning equipment, power cables and photonic products. The R&D programme will result in, among other things, more sustainable cleaning equipment, power cables for sustainable energy supply, more efficient use of global resources, new discoveries within life sciences, prevention of pollution and heightened food or personal safety. These R&D investments are intended to strengthen NKT’s productivity growth and add value to its product offering.

NKT is an industrial conglomerate with businesses specialising in professional cleaning equipment (Nilfisk), power cables (NKT Cables), and high-tech photonic products (Photonics Group).

NKT has business operations in more than 100 countries, and it employs almost 9,000 people.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Mr Vidar Omholt, Senior Manager Origination, at +358 10 618 0286,

Ms Niina Rantti, Communications Specialist, at +358 10 618 0265,