Leading Polish industrial group Boryszew S.A. becomes a shareholder in EIT InnoEnergy
EIT InnoEnergy, the leading innovation engine in sustainable energy, welcomes Boryszew Group S.A., a global player in the automotive and metals industries, as its newest shareholder.
The announcement made at EIT InnoEnergy’s annual event, The Business Booster, marks the successful completion of EIT InnoEnergy’s private placement and top up round.
The European industry is at a pivotal moment. Traditional business needs to transform to climate-neutrality, and at the same time, new sustainable business models must demonstrate their ability to scale rapidly. The addition of Boryszew Group S.A. to our cap table reinforces our belief that Europe’s reindustrialisation requires the combined efforts of both established industry players and emerging green leaders.Diego Pavia, CEO of EIT InnoEnergy
Aims of the partnership
This partnership aims to contribute to the European Union’s ambition to supply at least 40 per cent of demand for clean technology domestically through the Net Zero Industry Act. With its strong ties in the automotive and metals sectors, Boryszew Group S.A. will further strengthen InnoEnergy’s access to sectors which are key to Europe’s clean reindustrialisation. Equally, InnoEnergy will help facilitate a new pathway for Boryszew’s own green evolution, building on Boryszew’s recent investment in Repono, a pan-European company launched by EIT InnoEnergy, which owns and operates large energy storage systems.
As one of the industrial leaders in Poland we are aiming to decarbonise our production. Therefore, we have adopted our Sustainability Horizon 2030 Strategy. The investment in EIT InnoEnergy is part of this green strategy. EIT InnoEnergy initiates and builds the largest low-emission industrial projects in Europe, which are important players in the new wave of European industry, providing zero-emission products to the European market.
Wojciech Kowalczyk, President of Boryszew Group S.A
Use of proceeds
Proceeds from EIT InnoEnergy’s private placement round will be used for capturing new deal flow, supporting its current 200+ portfolio companies in their growth, and accelerating the successful launch of new industrial champions.
Boryszew Group joins InnoEnergy’s 38 existing shareholders representing the industrial, financial, education and training, and digital sectors.
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