Polish industrial group Boryszew joins EIT InnoEnergy as 39th shareholder: Know more

Eindhoven-based EIT InnoEnergy, an innovation engine for sustainable energy across Europe, on Wednesday, October 16, announced Boryszew Group S.A, a global player in the automotive and metals industries, as its newest shareholder.

The announcement was made at EIT InnoEnergy’s annual event — The Business Booster, marking the completion of EIT InnoEnergy’s private placement and top-up round.

In July, EIT Inno Energy announced three new investors joining its cap table as shareholders:

• Austrian-based OMV aims to become an integrated sustainable chemical, fuels, and energy company;
• Romanian integrated energy company OMV Petrom;
• The Netherlands-based investment company, ACB Participaties B.V.

Boryszew Group: An industrial groups

Based out of Poland, Boryszew Group is made up of 35 manufacturing plants and R&D centers located in Poland, Germany, Czech Republic, Spain, Italy, India, China, Mexico and Brazil.

The group focuses on the automotive industry Tier 1 supplier, processing of non-ferrous metals (aluminum, brass, steel), recycling, and energy. The company is listed on Warsaw Stock Exchange.

Wojciech Kowalczyk, President of Boryszew Group S.A., says, “As one of the industrial leaders in Poland we are aiming to decarbonise our production. Therefore, we have adopted our Sustainability Horizon 2030 Strategy. The investment in EIT InnoEnergy is part of this green strategy. EIT InnoEnergy initiates and builds the largest low-emission industrial projects in Europe, which are important players in the new wave of European industry, providing zero-emission products to the European market. With low-emission technologies being a key element of our group’s transformation, we aim to leverage synergies between our industrial group and the investments led by EIT InnoEnergy in the areas of energy technologies, circular economy, and automotive. This aligns with our growth strategy and will contribute to the value of Boryszew Group S.A.”

Fund utilisation

The funds raised from EIT InnoEnergy’s private placement round will be used to attract new deals, support its existing 200+ portfolio companies, and speed up the successful launch of new industrial leaders.

Diego Pavia, CEO of EIT InnoEnergy, says, “The European industry is at a pivotal moment. Traditional business needs to transform to climate-neutrality, and at the same time, new sustainable business models must demonstrate their ability to scale rapidly. The addition of Boryszew Group S.A. to our cap table reinforces our belief that Europe’s reindustrialisation requires the combined efforts of both established industry players and emerging green leaders.”

The partnership

This partnership aims to help the European Union reach its goal of supplying at least 40 per cent of clean technology demand domestically through the Net Zero Industry Act.

Poland’s Boryszew Group, which has ties in the automotive and metals sectors, will further strengthen EIT InnoEnergy’s access to key industries for Europe’s clean reindustrialisation.

Additionally, EIT InnoEnergy will support Boryszew’s green evolution, building on Boryszew’s recent investment in Repono, a pan-European company launched by EIT InnoEnergy involved in large energy storage systems.

EIT InnoEnergy: What do you need to know?

Founded in 2010 and supported by the European Institute of Innovation and Technology, EIT InnoEnergy is a central force in the energy transition, driving sustainable innovation with technology, business model expertise, and skills.

The firm supports innovations in energy storage, transport, renewables, efficiency, industries, smart grids, and sustainable urban development.

InnoEnergy boasts a portfolio of over 200 companies, projected to generate €110B in revenue and save 2.1G tonnes of CO2e by 2030. These companies have collectively raised over €25B in investment. 

The organisation spearheads three strategic European initiatives: the European Battery Alliance (EBA), the European Green Hydrogen Acceleration Center (EGHAC), and the European Solar Photovoltaic Industry Alliance (ESIA).

Boryszew Group joins EIT InnoEnergy’s 38 existing shareholders representing the industrial, financial, education and training, and digital sectors.

These include ACB Participations B.V, AGH, Augur SCMT, Capgemini, CEA, EDF, ENGIE, Esade, Grenoble INP-UGA, Groupe Idec, ING, Karlsruhe Institute of Technology, Koolen Industries, KTH, KU Leuven, Naturgy, NIIT, OMV, OMV Petrom, Politechnika Śląska, Pulse – CMA CGM Energy Fund, Rafako Grupa PBG, Renault Group, Santander CIB, Schneider Electric, Siemens Financial Services, SIPLEC E.Leclerc, Société Générale, Stena Recycling, Técnico Lisboa, TOTAL, TU/e, Universitat Politecnica de Catalunya, Universität Stuttgart, Uppsala Universitet, VITO, Volkswagen Group, and Wroclaw University of Science and Technology.