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    Signature(s)

    Amount
    € 25,000,000
    Countries
    Sector(s)
    France : € 25,000,000
    Services : € 2,500,000
    Industry : € 22,500,000
    Signature date(s)
    23/10/2023 : € 2,500,000
    23/10/2023 : € 22,500,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    20 February 2024
    Status
    Reference
    Signed | 23/10/2023
    20230385
    Project name
    Promoter - financial intermediary
    GERMITEC (IEU LS)
    GERMITEC SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 25 million
    EUR 50 million
    Location
    Sector(s)
    Description
    Objectives

    Germitec is specialised in the High-Level Disinfection of probes using its proprietary Ultraviolet Light High-Level Disinfection (UV-C HLD) technology. Since its inception, it has been leading the way in developing sustainable and eco-friendly UV-C High-Level Disinfection technologies for reprocessing non-lumen medical devices.

    The aim is to support the promoter's research and development (R&D) investments, Clinical and Regulatory spending as well as early market access expenses that are required to advance the development and market access of devices for the High-Level Disinfection of probes using Ultraviolet Light High-Level Disinfection (UV-C HLD) technology.

    Environmental aspects
    Procurement

    The project mainly concerns investments in R&D and market access. All R&D investments are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. Full environmental details will be verified during the appraisal.

    Germitec is a private company not operating in the utilities sector and not having the status of a contracting authority; thus, the project is not covered by the EU Directives on procurement. However, the promoter's procurement procedures are expected to be in line with EIB's guidelines for private sector projects. The EIB will verify details during the project due diligence.

    Comments

    Germitec is a French commercial stage innovative medical device company specialized in the High-Level Disinfection of probes usingUltraviolet Light High-Level Disinfection (UV-C HLD) technology.

    Milestone
    Under appraisal
    Approved
    Signed
    20 October 2023
    23 October 2023
    Related projects
    Link to source
    Summary sheet

    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).

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