The CDP Group invests in laser technology

Sace guarantees 800,000 euros of Juncker Plan funds for Osai, a Turin company active industrial automation

Turin, November 9, 2016

Sace affirms its commitment to Italian businesses in their efforts to expand abroad. Along with Iccrea BancaImpresa and Banca d'Alba Credito Cooperativo, the subsidiary of CDP Group extended an 800,000 euro credit line aimed at supporting the growth and innovation of Osai Automation System,  a company active in the field of industrial automation.

The transaction falls within 2i per l’impresa Program, for which the CDP Group distributes Juncker Plan funds for Italian SMEs to support their innovation and internationalization projects.

Founded in 1991, Turin-based Osai is specialized in the construction of standard and special machines for the assembly and testing of components for the automotive industry, semiconductors and electronics in general. Its success lies in the use of advanced laser technologies, which makes it an example of Italian production excellence. Thanks to the Sace funding, Osai will develop an innovative project for the development of new systems to test microchips for the semiconductor market, while maintaining a strong focus on reducing environmental impact. The project will provide a major competitive advantage for the company, which initiated a process of growth in the North American, European, and Asian markets.

Thanks to this operation, CDP Group remains at the forefront in promoting the future of the Italian entrepreneurial system, which considers research and innovation its strong point for the expansion of projects in foreign markets.