Written by 8:44 am EU Investment

Dutch company Collé Rental & Sales receives €50M from EIB for further electrification of rental machinery

Netherlands-based Collé Rental & Sales, a supplier that offers machinery delivery, logistics, training, and earthmoving equipment for construction industries, announced on Wednesday, August 10, that it has signed a €50M loan agreement with the European Investment Bank (EIB). 

The European Fund for Strategic Investments (EFSI), the cornerstone of the Investment Plan for Europe, is supporting the EIB investment. 

How to improve your open source security?

Follow these three steps and get on the path to stronger security practices.Show More
Follow these three steps and get on the path to stronger security practices.Show Less

Capital utilisation

Collé says that the funds will be used to further develop and electrify its fleet of specialised equipment available for rental to the construction industry. The company claims to be a leader in the electrification of its fleet as it cites lower emissions, noise reduction and less pollution (due to a reduction in the use of oil and lubricants).

EIB Vice-President, Kris Peeters, says, “What Collé does in terms of combining demand for heavy machinery with the increasingly urgent need to become more sustainable as a business deserves a lot of praise. Renting machines instead of buying means more efficient use of valuable resources, feeding into much-needed circularity and sustainability for the construction sector and industry. I’m glad that the EIB can support Collé in these plans and look forward to seeing more Dutch companies taking such important steps towards environmental sustainability.”

Collé Rental & Sales – Everything you need to know

Founded 120 years ago, Collé is a fourth-generation family-owned company headquartered in Sittard, the Netherlands. The company specialises in the rental, sales, and service of machines and equipment in the international B2B market. Some of its equipment include aerial work platforms, telehandlers, forklifts, and excavators, among others. Its rental fleet consists of more than 20,000 machines.

The company’s rental business has clients in the Netherlands, Germany and Belgium, as well as Luxembourg and Denmark. Collé’s sales business is international, managing deliveries of machinery and equipment in over 78 countries. It operates 18 sites, 11 of which are located in the Netherlands and seven in Germany.

Collé says it serves clients globally in sectors including construction, industry, earthmoving, events, and others. The company is also actively involved in proposing solutions and testing new electric equipment together with machinery manufacturers.

About the European Investment Bank

The EIB is the European Union’s long-term lending institution owned by the EU Member States – the Netherlands owns a 5.2 per cent stake. It offers long-term loans for investments that support EU policy goals. Infrastructure, innovation, climate and environment, and SMEs are the bank’s four top priority areas for project funding. 

Just over €2B in funding was given to projects in the Netherlands by the EIB last year.

The European Fund for Strategic Investments (EFSI) is the cornerstone of the Investment Plan for Europe. It offers first-loss guarantees so that the EIB Group can finance more risky projects. More than 1.4 million SMEs have benefited from investments totalling €524.3B in the projects and agreements approved for financing under the EFSI. Although the InvestEU programme has replaced the Investment Plan for Europe, several previously approved operations can still be signed.

How cybersecurity scaleup Intigriti conquered the world?

Catch our interview with Paul Down, Head of Sales at Intigriti.

Catch our interview with Paul Down, Head of Sales at Intigriti. Show Less

Source link