Quadient secures €25 million from EBRD for Schuldschein facility
Funding research and development programs in the Czech Republic
Paris, October 30, 2024
Quadient SA (Euronext Paris: QDT), a global automation platform that powers secure and sustainable business connectivity, today announced a new contract from the European Bank for Reconstruction and Development (EBRD) to fund research and development programs in the Czech Republic. announced that it has secured a €25 million Schuldschein facility. Republic.
The Schuldschein loan from the EBRD has a total nominal amount of EUR 25 million, with maturities evenly spread between five and seven years. This new financing facility is aimed at funding the research and development program of Quadient’s state-of-the-art research and development center in Hradec Králove, Czech Republic.
Quadient’s R&D center in the Czech Republic is the center of development for the company’s digital automation platform. We currently have approximately 400 employees, including software developers, testers, IT consultants, trainers, and UX designers. The Research and Development team is responsible for leveraging advanced technologies such as artificial intelligence, complex frameworks, and programming languages to drive continuous improvement of Quadient software products and develop innovative digital solutions. The focus is on fostering continuous learning and collaboration by partnering with local schools and universities to train future engineers and developers. In particular, Quadient regularly collaborates with Hradec Králové University, offering classes on new technologies, organizing IT events and hosting bar camps.
In addition to its headquarters in Hradec Králove, Quadient also has offices in Olomouc and Ostrava in the Czech Republic. This strong presence in the Královéhradecký region is well known locally, as Quadient Czech Republic has been named Employer of the Year for several years in a row and was recently ranked 4th in the country. Masu.
Laurent du Passage, Chief Financial Officer of Quadient, said: “We are pleased to partner with the EBRD to strengthen our R&D activities in the Czech Republic. We are excited to further strengthen our development capabilities and continue to deliver best-in-class solutions to our customers, while maintaining our leadership in innovation and artificial intelligence.”
For the full year 2023, Quadient spent a total of €63.2 million on research and development across its three automation platforms, representing 5.9% of group revenue.
About Quadient®
Quadient is a global automation platform provider that powers secure and sustainable business connectivity through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journeys, increasing operational efficiency and creating meaningful customer experiences. Cudient shares listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small index and the EnterNext® Tech 40 index are eligible for PEA-PME investments.
For more information about Quadient, please visit https://invest.quadient.com/en/.
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About EBRD
The EBRD is a multilateral bank that promotes private sector development and entrepreneurial initiatives in 36 economies on three continents. The bank is owned by 73 countries, as well as the EU and the EIB. Investments in the EBRD aim to make the region’s economies competitive, well-governed, green, inclusive, resilient and integrated.
