SACE (Cassa depositi e prestiti Group), Iccrea BancaImpresa (the corporate bank of Credito Cooperativo) and Banca d’Alba Credito Cooperativo have finalized a € 800,000 line of credit to support the innovation and international growth of Osai Automation System, a Turin-based SME specialized in technology for automating industrial processes.
This is a new initiative under the “Programma 2i per l’Impresa” of Cdp, SACE and EIF (EIB Group), which allocates the resources of the Juncker Plan to Italian SMEs to support their internationalization and innovation.
The loan issued by Iccrea, guaranteed by SACE and counter-guaranteed by EIF*, will enable the company to conduct innovative research to develop advanced systems for testing microchips, intended for the semiconductor industry. The investment, designed to reduce environmental impact and increase productivity, will provide the company with a competitive advantage in its process of growth in the foreign markets most attractive for that industry, such as North America, Europe and Asia.
Founded in 1991, Osai Automation System is active in the design and construction of standard and special machinery for the assembly and testing of components for the automotive industry, semiconductors and electronics in general, some with the use of advanced laser technologies.
*This financing is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investment (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.