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

European Structural and Investment Funds 2014-2020

European Structural and Investment Funds. 2022 Summary report of the programme annual implementation reports covering implementation in 2014-2020
COM(2023) 43 final, 31.1.2023

EIB and the region of Valencia sign €50 million loan agreement to modernise public rail transport

Metrovalencia and Alicante tram operator Ferrocarrils de la Generalitat Valenciana (FGV) will improve the coverage and sustainability of public transport in the region. This loan is the first tranche of approved financing totalling €300 million. The EU bank credit line will facilitate improvements to existing infrastructure and the purchase of rolling stock, enhancing service quality, […]
BEI-2023-017, 19.1.2023
envelopeprinter