Grundfos has entered into an settlement with EKF, Denmark’s Export Credit Agency, that may enable the Danish pump firm to finance projects globally for purchasers with limited out there funds.
Under the agreement, non-public commercial and public customers can obtain financing on tasks above E0.5 million for as much as five years instantly by way of Grundfos. EKF will provide Grundfos with a credit guarantee masking 50% of the credit score exposure considerably decreasing the chance in financing this sort of project.
Grundfos says that the agreement is the primary of its type within the pump solutions business.
“We are thrilled to partner with EKF, which is permitting us to supply this new financing opportunity to our customers in need of financial help to understand their ambitions inside water,” mentioned Grundfos chief monetary officer Mikael Geday. “ Simple of equipping prospects and end-users with solutions that cut back CO2 emissions and offers entry to wash water to susceptible areas.”
EKF Denmark’s Export Credit Agency promotes Danish exports and internationalisation by offering competitive funding and risk coverage.
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