Under the agreement, private commercial and public customers can receive financing on projects above E0.5 million for up to five years directly through Grundfos. EKF will provide Grundfos with a credit guarantee covering 50% of the credit exposure significantly reducing the risk in financing this type of project.
Grundfos says that the agreement is the first of its kind in the pump solutions industry.
“We are thrilled to partner with EKF, which is allowing us to offer this new financing opportunity to our customers in need of financial support to realise their ambitions within water,” said Grundfos chief financial officer Mikael Geday. “The agreement accelerates the process of equipping customers and end-users with solutions that reduce CO2 emissions and provides access to clean water to vulnerable areas.”
EKF Denmark’s Export Credit Agency promotes Danish exports and internationalisation by offering competitive funding and risk coverage.
