Netherlands-based Collé Rental & Sales, a supplier that offers machinery delivery, logistics, training, and earthmoving equipment for construction industries, announced on Wednesday, August 10, that it has signed a €50M loan agreement with the European Investment Bank (EIB).
The European Fund for Strategic Investments (EFSI), the cornerstone of the Investment Plan for Europe, is supporting the EIB investment.
Capital utilisation
Collé says that the funds will be used to further develop and electrify its fleet of specialised equipment available for rental to the construction industry. The company claims to be a leader in the electrification of its fleet as it cites lower emissions, noise reduction and less pollution (due to a reduction in the use of oil and lubricants).
EIB Vice-President, Kris Peeters, says, “What Collé does in terms of combining demand for heavy machinery with the increasingly urgent need to become more sustainable as a business deserves a lot of praise. Renting machines instead of buying means more efficient use of valuable resources, feeding into much-needed circularity and sustainability for the construction sector and industry. I’m glad that the EIB can support Collé in these plans and look forward to seeing more Dutch companies taking such important steps towards environmental sustainability.”