Dominion and EIB sign loan for technology applied to sustainable engineering

2023-11-14T15:30:00
Spain Chile Colombia Mexico Peru
Cuatrecasas advises Dominion on signing a 30.5 million loan with EIB to develop technology in sustainable engineering
Dominion and EIB sign loan for technology applied to sustainable engineering
November 14, 2023
Cuatrecasas has advised the integrated services and projects company Global Dominion Access on the signing of a €30.5 million financing agreement with the European Investment Bank (EIB) to develop cutting-edge technology for the design of new engineering and IT solutions to improve its clients’ efficiency and sustainability.

The investments will be made in Spain, mainly in the autonomous regions of the Basque Country, Catalonia, Madrid, Castilla and León, and Andalusia, as well as in the company’s centers in Germany and other European Union countries. Specifically, this loan will help to partially finance an R&D project that will run until the end of 2027 with two operational aspects. On the one hand, it will promote the development of innovative solutions aimed at addressing the challenges of quality, efficiency and automation required by safety and sustainability. This will be done through various applications that will result in improved service for its customers (including operators in the energy, industrial, technology and telecommunications sectors), enabling them to move toward business models that meet these parameters. It will also allow the company to integrate tools, digital solutions and advanced technology in fields such as cybersecurity and cloud management.

“We would like to highlight the coordination and teamwork of the people involved— with a multijurisdictional perspective thanks to the firm’s presence in several Latin American countries where Grupo Dominion operates—to successfully close the transaction within the established deadlines,” said José Ramón Berecibar and Tomás Ugalde, who led this credit transaction with the support of Ane Agirretxea and Teresa Allende. The Cuatrecasas advisory team included the participation of León López, Emilio Ruvalcaba and Ariadne Rentería (Mexico City); Juan Carlos Puentes, Natalia Arango, Carolina Trejos and María Esther Eljach (Bogotá); Macarena Ravinet and Federico Espinosa (Santiago de Chile); and Aldo Reggiardo and Alejandro Zorrilla (Lima).
November 14, 2023