The operation, in a pool with BNL BNP Paribas, Crédit Agricole Italy and UniCredit, accompanies the investment plan and the international expansion of the Group and is aimed at achieving specific ESG objectives to reduce environmental impact
Supporting the development of the Italian industry, consolidating competitiveness in international markets and generating a positive impact on the territory. These are the objectives of the ESG financing of 110 million euro for FITT Group, a global leader in the production of hoses and systems for fluid transportation. The operation involves a pool of banks including Cassa Depositi e Prestiti (CDP) and BNL BNP Paribas as financing institutions, together with Crédit Agricole Italia as an Arranger, Agent Bank and ESG Coordinator and UniCredit as a Co-Arranger and ESG Coordinator. The initiative, which partially benefits from the SACE Guarantee, represents a strategic piece to accompany the sustainable expansion path of the Group in the medium-long term.
Specifically, the resources will be allocated to support the strategic plan of FITT Group, favouring new investments and the reinforcement of the international presence, as well as the integration of new technologies along the production chain. The initiative thus contributes to consolidating the Group's leadership and boosting the positioning of an Italian industrial excellence.
The operation is part of CDP's ongoing commitment to sustainable finance – supporting companies that increasingly integrate ESG objectives into their investment plans – contributing to responsible and enduring growth.
Based in Sandrigo (Vicenza), Fitt Group generates a turnover of 330 million euro, exports to 100 countries and has over 1,150 employees, 15 production sites in Italy, Europe and the United States, 16 logistics platforms worldwide and 6 commercial branches.