Completion of financing worth 30 millions euros

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ESI Group gains additional means

to finance its development

 

ESI Group

, leader and pioneer in

virtual prototyping solutions

for manufacturing industries

, today announces the finalization of a 7-year 30 million euro syndicated credit line to pursue its growth strategy.

The purpose of this credit line is essentially to refinance external growth operations as opportunities present themselves. A first drawdown will take place immediately, for the acquisition ofIC.IDOcarried out in August.

The members of the banking pool are as follows:

·                   

Lead arranger and Agent: Crédit du Nord

·                   

Participants: Crédit du Nord, CIC, Société Générale, Banque Palatine, HSBC and Caisse d’Epargne.

Alain de Rouvray, ESI Group’s Chairman and CEO, concludes: “The granting of this financing, which occurs within a difficult economic and financial context, is witness to the banking community’s confidence in our business model and growth strategy. Not only have our historical partners reacted favorably to this operation, but new banks have also given us their support and will accompany us in our daily activity in France and abroad. This credit line enables us to acquire the necessary means to pursue our development and to seize any new external growth opportunities that meet our strategic and financial criteria.

About

ESI

ESI

is a pioneer and world-leading player in virtual prototyping that take into account the physics of materials.

ESI

has developed an extensive suite of coherent, industry-oriented applications to realistically simulate a product’s behaviour during testing, to fine-tune manufacturing processes in accordance with desired product performance, and to evaluate the environment’s impact on product performance. This offer represents a unique collaborative and open environment for Simulation-Based Design, enabling virtual prototypes to be improved in a continuous and collaborative manner while eliminating the need for physical prototypes during product development. Present in over 30 countries,

ESI

employs some 850 high-level specialists throughout its worldwide network. ESI Group is listed on compartment C of NYSE Euronext Paris.

 

For further information, go to

www.esi-group.com

.


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News Source : Completion of financing worth 30 millions euros


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