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
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