Welltec’s innovations secure first Danish EIB loan under the InnovFin MidCap Growth Finance

Welltec recognized as a fast growing, highly innovative company with significant ongoing investments in innovative development and engineering.

CONTACT

Chief Financial Officer
Jesper Helmuth Larsen
jhlarsen@welltec.com
+45 23 29 26 00

The European Investment Bank (EIB) has signed a EUR 25 million agreement with Welltec A/S, a highly innovative Danish oilfield services company, for its innovative development and engineering activities to help operators optimize the management and development of their assets throughout the life-cycle of their wells.

This is the first EIB transaction in Denmark supported by the new generation of financial instruments for innovative and growth companies “InnovFin – EU Finance for Innovators”, with the financial backing of the European Union under Horizon 2020.

“InnovFin MidCap Growth Finance” is specifically dedicated to improving access to risk finance for research and innovation projects of midcap and SME companies in the European Union. For the full press release please go here: EIB / Welltec press release.