Press Room
EIB provides €60 million loan to Prosegur to boost its research, development and innovation and digital strategy
The loan will dive innovation and European technological leadership by supporting investments in areas such as cybersecurity.
The European Investment Bank (EIB) and Prosegur Compañía de Seguridad have signed a €60 million loan to finance the company’s research, development and innovation and digital strategy. Prosegur is a Madrid-based multinational providing hybrid surveillance, logistics and cash management services, crypto-assets, security systems, alarms, cybersecurity and outsourcing in 36 countries.
The EIB loan will support Prosegur’s investment in innovation applied to physical, digital and hybrid security solutions, financing investment in areas such as advanced cybersecurity technologies, AI, integrated security operations centres and software-as-a-service solutions. Investment will take place mainly at the company’s research, development and innovation facilities in Spain.
The investment will thereby help support European technology in critical fields for EU security by enabling the development of advanced capabilities for the prevention, detection and repair of physical and cybersecurity threats. It will also help with knowledge dissemination through Prosegur’s extensive cooperation with the European startup ecosystem via its Prosegur Tech Ventures corporate venture capital fund.
“The EIB’s financing for Prosegur reaffirms our commitment to strengthening technological and security capabilities in Europe. This operation will promote strategic investment in digital innovation and cybersecurity, which are key to a technologically stronger European Union,” said Antonio Lorenzo, head of the EIB’s Corporate Lending Division for Spain and Portugal.
Prosegur Chief Financial Officer Maite Rodríguez added: “At Prosegur, we believe that innovation and digital transformation are strategic pillars for leading the future of global security. The European Investment Bank’s support not only strengthens our ability to invest in research, development and innovation and advanced technology, but also confirms the importance of our vision in anticipating risks, developing high-value technological solutions and providing services that protect people, businesses and infrastructure in an increasingly complex and interconnected world.”
The loan is part of the TechEU programme, which is designed to accelerate innovation in the European Union by mobilising €250 billion in investment for startups, scaleups and innovative companies across Europe by 2027. The loan is also part of the EIB Group’s actions under its strategic priority and cross-cutting policy to strengthen Europe’s security and defence capabilities, as outlined in its Strategic Roadmap for 2024-2027.
This is the second time that Prosegur and the EIB have worked together to support the Spanish security multinational’s innovation and digitalisation strategy. The previous operation was signed in 2021.