NIB finances Husqvarna’s R&D investments
The Nordic Investment Bank (NIB) and Swedish producer of outdoor power products Husqvarna AB have signed a EUR 100 million 7-year loan agreement to finance R&D investments during 2022 to 2024 in electrification of motorised equipment.The loan is set to finance Husqvarna's R&D efforts in developing electric and battery-operated equipment. This initiative is aimed at transitioning Husqvarna's product range from petrol-powered to battery-powered motorised equipment. The shift towards battery-powered products reflects Husqvarna's response to the growing demand for more sustainable, connected,