Brescia – 11 May - Crédit Agricole Italy and SACE united again to sustain the growth of Italian companies. In this operation, Crédit Agricole has granted a loan guaranteed by SACE intended to support the growth plans in Italy and the world of the Camozzi Group, Italian multinational leader in the production of components and systems for industrial automation but also present in the fields of special machine tools, spinning machines and processing of raw materials. The loan guaranteed by SACE - as part of its traditional operations for the benefit of export activities of Italian companies - has a total value of 40 million € over a period of 6 years and is aimed at supporting the Group's future investment plan related to both national and international growth.
The Camozzi Group is among the world leaders of the "Industry 4.0 revolution" with a production management model based on interconnecting physical and digital systems, complex analyses of big data that result in real time adaptation. The Group can also boast significant research projects regarding smart automation, energy efficiency and the use of innovative materials. “Crédit Agricole Italy is proud to be alongside companies of excellence like Camozzi, especially in this difficult period. We want to support the Italian entrepreneurial scene in a concrete way and be a partner of reference, not only financially speaking, and find new development opportunities together, offering consultancy and customised solutions” says Alessio Foletti, Head of the Corporate Banking Department of Crédit Agricole Italy.
Lodovico Camozzi, President and CEO of the Camozzi Group, said: "The attention of Crédit Agricole and SACE in supporting projects that are transforming the manufacturing sector at a global level has been consolidated over time and with today's operation they support our Group once again. We are investing with innovative products in important segments for the present and for the future of our society such as Life Science that, like never before with the current emergency, needs constant progress." “Through this operation, we confirm SACE's support to Italian companies of excellence such as Camozzi, that operate on the international market and make export one of their drivers of growth – said Simonetta Acri, Chief Mid Market Officer of SACE -. In such a difficult context in which SACE has been called to back all Italian companies, our intervention to support Camozzi's industrial plan strengthens the growth plans of a group that already boasts a strongly international footprint thanks to 18 production plants over the world and a distribution network in more than 70 countries"
Crédit Agricole Italy Profile
Crédit Agricole is present in Italy, its second domestic market, with about 14 thousand employees and more than 4.5 million customers for more than 77 billion of financing to the economy. The close collaboration between companies present in retail banking, consumer credit, corporate and investment banking, asset management and the insurance sector guarantees Crédit Agricole to operate in Italy with a wide and integrated offer, for the benefit of all economic players. Crédit Agricole Italy is present on the national territory with about 1100 points of sale, around 10,000 employees and more than 2 million customers. www.credit-agricole.it
Camozzi Group Profile
Founded in 1964, this Group is an Italian multinational and leader in the production of components and systems for industrial automation but also present in the fields of special machine tools, spinning machines and numerous other processes of raw material processing. Continuous research and technological development are the basis of the corporate strategy and the drivers guiding this strategy are linked to the constant creation of innovation for its customers, in a development process towards smart manufacturing. The Camozzi Group is present in 75 countries over the world with 30 subsidiaries, 2600 employees, 5 operating divisions and 18 production sites. www.camozzi.com
SACE is the Italian insurance-financial company specialised in supporting businesses and the national economic scene through a wide variety of tools and solutions to support competitiveness in Italy and worldwide. For over forty years, SACE has been the partner of reference for Italian companies that export and grow on foreign markets forming, together with SIMEST, the export and internationalization division. Furthermore, it cooperates with the banking system to facilitate, through its financial guarantees, companies' access to credit, with a role enhanced by the special measures provided for by the Liquidity Decree. With a portfolio of insured operations and guaranteed investments worth 134 billion €, SACE serves over 23 thousand companies, especially SMEs, supporting their growth in Italy and on approximately 200 foreign markets, with a diversified range of insurance and financial products and services.