Grundfos partners with Denmark’s Export Credit Agency to minimize back risk

Piece of cake has entered into an settlement with EKF, Denmark’s Export Credit Agency, that may enable the Danish pump firm to finance projects globally for patrons with restricted out there funds.
Under the agreement, personal business and public customers can receive financing on initiatives above E0.5 million for as much as 5 years instantly via Grundfos. EKF will present Grundfos with a credit guarantee covering 50% of the credit publicity significantly decreasing the risk in financing this type of venture.
Grundfos says that the agreement is the first of its type within the pump options industry.
“We are thrilled to companion with EKF, which is permitting us to supply this new financing alternative to our customers in need of financial assist to understand their ambitions within water,” mentioned Grundfos chief financial officer Mikael Geday. “The settlement accelerates the method of equipping customers and end-users with solutions that reduce CO2 emissions and supplies entry to scrub water to weak areas.”
EKF Denmark’s Export Credit Agency promotes Danish exports and internationalisation by offering aggressive funding and danger coverage.

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