FlexQube secures a credit facility of 45 MSEK
FlexQube has entered into a new credit facility agreement with Danske Bank A/S and ALMI for a total of 45 MSEK. 5 MSEK refers to a long-term loan and 40 MSEK is made available via a current overdraft account. The new facilities will primarily be used to finance increased working capital for the launch of the company's new automation product eQart® Navigator in 2023.
FlexQube CEO Anders Fogelberg comments; “Getting access to this extended credit facility gives us better conditions to create a successful launch and adequate delivery capacity for eQart® Navigator. We have had a good collaboration with ALMI for several years and we are now also looking forward to working with Danske Bank, which has several leading banking products in our primary markets."
FlexQube is a technology company headquartered in Gothenburg, Sweden with subsidiaries in USA, Mexico, Germany and England. FlexQube offers solutions for cart-based material handling using a patented modular concept. FlexQube develops and designs customized solutions for both robotic and mechanical cart logistics. Through the own developed and unique automation concept FlexQube can offer robust and self-driving robotic carts. FlexQube has more than 850 customers in 35 countries with primary markets being North America and Europe.
FlexQube’s customers can be found within the manufacturing industry, distribution- and warehousing. We represent some of the most successful companies in the world with a significant share being represented on the Fortune 500 list. These companies exist within automotive, electric vehicle manufacturing, online retail, heavy-duty trucks, industrial automation and retail logistics.
For more information, contact the CFO, Mikael Lindbäck
+46 76 104 10 28
The share (FLEXQ) is traded on Nasdaq First North. FNCA Sweden AB, telephone +46 8-528 00 399, is the Company's Certified Adviser. Read more at www.flexqube.com