Banco BPM has perfected a financing of 10 million euros, with a 60-month maturity, aimed at new investments for growth and internationalization in favor of U-Power Group Spa, active in the distribution and marketing of personal protective equipment.
The company of shoes e accident prevention clothing, based in Novara, recorded a turnover of 2021 million euros in 230 with an ebitda of 59 million euros. In recent years, the Group has expanded its offer by proposing on the market, in addition to a vast range of safety footwear, also its work clothing lines, which now represent 11% of turnover.
U-Power CEO, Franco Uzzeni, comments on the project
Frank Uzzeni, founder and CEO of U-Power commented: "We are very happy to continue our growth and internationalization project with the support of Banco BPM"
"From our point of view, this operation demonstrates our desire to support companies in their investment programs and help increase their projection on international markets," he said. Gianluca Colombo, head of the North-West corporate market of Banco BPM.
