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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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