NIB provides financing for Atlas Copco Group’s R&D investments

The Nordic Investment Bank (NIB) and Atlas Copco AB have signed an 8-year loan agreement in an amount of EUR 183 million. The loan supports part of Atlas Copco Group’s research and development (R&D) investments in Sweden within the Industrial Technique Business Area. 

The Atlas Copco Group is a leading provider of compressors, vacuum solutions, generators, pumps, power tools and assembly systems. The loan from NIB will support research and development initiatives within the Group’s Industrial Technique Business Area between 2023 and 2026. 

With increasing demand for electric cars, battery production and a growing use of lighter materials, the automotive industry is increasingly demanding innovative assembly solutions. As a leading engineering company with a broad technology portfolio and process competence, Atlas Copco Group is a key player in the battery production value chain.

In recent years, NIB has supported electric mobility and the automotive cluster in Sweden through its lending activities. NIB is taking a value-chain approach with the intention to support the development of a strong battery value chain and the transition to electric vehicles in the Nordic and Baltic region.

“By prioritising the development of impactful technologies, Atlas Copco Group actively supports its customers at the forefront of industry transformation. This loan is aligned with NIB’s commitment to improve productivity in our member countries through investments in strategic expertise and technology and is directly linked to our efforts to support Sweden and the Nordics in building a strong battery value chain,” says André Küüsvek, NIB President and CEO.

Atlas Copco Group develops technologies and solutions that focus on productivity, energy efficiency, safety and ergonomics, supported by insights from connected products. The company was founded in 1873, is based in Nacka, Sweden and has a global reach spanning more than 180 countries. In 2022, Atlas Copco had revenues of SEK 141 billion and about 49,000 employees at year end.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s. Read more at www.nib.int.

For further information, please contact

Nicolas Audibert, Director & NIB Country Lead for Sweden, at +358 10 618 0689, Nicolas.Audibert@nib.int

Iiris Anttalainen, Communications, at +358 10 618 0258, Iiris.Anttalainen@nib.int