EIB loan for Spanish company GAM to support electric rental fleets and sustainable last-mile delivery

The EIB financing will also help to digitalise GAM and its vocational training provided through Kirleo. The agreement is supported by European Fund for Strategic Investments EFSI, the main pillar of the Investment Plan for Europe.

The European Investment Bank (EIB) will lend €35 million to the Spanish multinational GAM (BME ticker: GALQ), which specialises in turnkey machinery solutions for industry, to make its rental fleet electric and develop more sustainable last-mile solutions for its subsidiary Inquieto. The loan will also be used to digitalise and develop Kirleo, the company's vocational training school, therefore supporting digital skills development and training at the company. The EIB loan is backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. This financing is in line with GAM's strategic approach based on innovation and sustainability.

RAPID, IP/22/7327, 1.12.2022
Tagged as:

You may also be interested

Driving European competitiveness, stability and climate leadership: EIB Group invests €88 billion in 2023

EIB Group signed €88 billion in funding for over 900 high-impact projects in key policy areas such as transport infrastructure and urban mobility, energy and water, digitalisation, new technologies, innovation, healthcare, affordable housing, education and support to SMEs. A record €49 billion invested in green finance. More than €21 billion invested in energy security   In […]
BEI, 23.01.2024

CaixaBank gets EIB backing to issue up to €150 million in new financing for renewable energy projects in Spain

The European Investment Bank (EIB) and CaixaBank have signed a guarantee agreement that will enable the Spanish bank to issue up to €150 million in new financing for renewable energy and energy efficiency projects in Spain, mainly, and across Europe. The agreement consists of a de-linked risk sharing operation in the form of an EIB […]
BEI, 19.01.2024