The ULMA Group obtains a loan of 26 million euros from the EIB — ULMA Begira

The ULMA Group obtains a loan of 26 million euros from the EIB

The ULMA group has signed a loan of 26 million euros with the European Investment Bank (EIB), to finance the group's growth and innovation strategy. The support of the EU entity will enable ULMA to implement its R + D + I projects focused on the development of new solutions for the construction industry in order to improve safety and productivity.
The ULMA Group obtains a loan of 26 million euros from the EIB
Feb 01, 2019

The EIB finance will enable ULMA to make new investments in areas of convergence in Spain and Poland, with the aim of increasing and modernizing its fleet of equipment and machinery for lease for construction. These investments will help to consolidate ULMA's European leadership in the area of auxiliary construction systems.

The agreement, signed in Oñati by the Vice President of the EIB, Emma Navarro, and by the   Director General of the ULMA Group, Iñaki Gabilondo, is part of the l Investment Plan for Europe, known as the Juncker Plan. Under this initiative the EIB finances projects to promote the competitiveness of companies and boost job creation. In particular, the implementation of this investment plan will enable the group to create more than 300 net jobs.

Iñaki Gabilondo offered a very positive assessment of the agreement with the EIB, emphasizing “the importance of the ULMA Group's future project enjoying the support and backing of an institution such as the EIB, which reinforces the historical and constant commitment of the Group to innovation and sustained growth".

Likewise, the vice president of the EIB, Emma Navarro, pointed out the importance of this type of initiative for “ensuring that the EU leads the development of new technologies in a key sector for the economy such as construction. This agreement with ULMA will enable Spanish company, a leader in its sector, to remain highly competitive, while contributing to the creation of new jobs in Poland and Spain. "

The transaction was formalized within the strategy of diversification of financing sources through the company ULMA Inversiones.