Release date: 18 August 2017
Promoter – Financial Intermediary
EGYM GMBHLocation
Description
eGym is a Munich-based developer and manufacturer of fitness technology. The project will support its 2017-2019 investment programme, including: (i) research, development and engineering costs, (ii) capital expenditures for the development of the company's own assembly and production facility, and (iii) the permanent increase of indirect costs and net working capital to support market expansion.
Objectives
The project will allow this innovative business to foster its R&D activities and create jobs, while expanding its product range and geographical coverage.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 25 million
Total cost (Approximate amount)
EUR 55 million
Environmental aspects
All project activities are expected to be carried out in existing facilities without changing the already authorised scope and would therefore not require an Environmental Impact Assessment (EIA) under Directive 2014/52/EU amending the EIA Directive 2011/92/EU.
Procurement
The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.
Status
Signed - 14/12/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).