Summary sheet
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.
The project will allow this innovative business to foster its R&D activities and create jobs, while expanding its product range and geographical coverage.
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.
The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.