eGym GmbH | The European Investment Bank (EIB) is providing a loan of up to EUR 25 million to eGym GmbH. The funds will support eGym's current investment program and finance research and development costs, capital expenditure for the expansion of production capacity, and a permanent increase in working capital to support market expansion. The EIB loan was made possible by the European Fund for Strategic Investments (EFSI). The EFSI is the main pillar of the Investment Plan for Europe, in which the EIB Group and the European Commission work together as strategic partners to strengthen the competitiveness of the European economy.
EIB Vice-President Ambroise Fayolle, responsible for lending operations in Germany, said: "Established only seven years ago, eGym is a very fast-growing company. It is one of the EU bank's priority objectives to support young and innovative growth companies because they create the jobs of tomorrow." Philipp Roesch-Schlanderer, Managing Director of eGym, said, "We are very pleased to receive EIB funding. From the very beginning, eGym's vision has been to make the gym work for everyone and for users to train in the best possible way to achieve their very personal training goals quickly and reliably. Today, we see that prevention and improving one's fitness are becoming increasingly important for many people."
Fitness equipment from eGym can also be found at fitnessmarkt.de!
Source: body LIFE
Published on: 22 December 2017