Quadient Secures €25 Million to Fuel R&D Development
Quadient S.A. (Euronext Paris: QDT), a prominent player in automation platforms, has recently announced an exciting development. The company has successfully secured a €25 million Schuldschein facility from the European Bank of Reconstruction and Development (EBRD) aimed at bolstering its research and development (R&D) programs.
Strategic Financing for Continuous Innovation
This financing arrangement, comprising a total nominal amount of €25 million and spread across maturities of 5 to 7 years, represents a significant step for Quadient. It targets the R&D activities at their advanced center located in Hradec Králové. This facility is crucial for their cutting-edge Digital automation platform development.
The Role of R&D in Quadient's Success
Quadient’s R&D center serves as the cornerstone for its innovative initiatives, currently employing a robust team of around 400 professionals, including software developers, testers, and UX designers. This talented group is dedicated to continual enhancements of Quadient's software solutions and the development of transformative Digital solutions. By harnessing cutting-edge technologies, including artificial intelligence and complex programming languages, the R&D team is committed to delivering the highest quality solutions tailored to customer needs.
Building Local Partnerships for Future Growth
A vital aspect of Quadient's strategy is its focus on local partnerships. The company actively collaborates with educational institutions, notably the University of Hradec Králové, to foster the next generation of engineers and developers. Through various initiatives like IT events and specialized classes, Quadient ensures that the local workforce is well-prepared for the demands of the tech industry.
A Strong Presence in the Region
Beyond its headquarters in Hradec Králové, Quadient has a notable presence across the Czech Republic with offices located in Olomouc and Ostrava. This extensive footprint in the Královéhradecký region has not gone unnoticed, as Quadient has garnered accolades, including being named the Employer of the Year multiple times. Recently, it secured an impressive 4th place nationally for its employment practices.
Leadership Insights on Future Directions
Laurent du Passage, Chief Financial Officer of Quadient, expressed enthusiasm regarding this partnership with the EBRD. He stated, "We are excited to partner with the EBRD to strengthen our R&D activities. Our center in Hradec Králové is central to our Digital strategy and plays a crucial role in the local community. This agreement will empower us to enhance our capabilities further while maintaining our leadership in innovation and artificial intelligence."
Continued Investment in R&D
During the full year, Quadient allocated €63.2 million to R&D expenditures across its three automation platforms, signifying a commitment of 5.9% of its total group revenue. This substantial investment underscores the company's dedication to driving innovation and enhancing its product offerings further.
About Quadient
Quadient stands out as a global provider of automation platforms designed to facilitate secure and sustainable business connections through digital and physical channels. The company supports businesses of all sizes in their digital transformation journeys, unlocking operational efficiency while fostering meaningful customer experiences. As a publicly traded entity on Euronext Paris (QDT) and part of various indices, including CAC® Mid & Small and EnterNext® Tech 40, Quadient is also recognized for its potential in PEA-PME investments.
Frequently Asked Questions
What is the purpose of the €25 million financing?
The financing is designated to enhance Quadient's R&D initiatives, particularly focusing on innovating their Digital automation platform.
How many employees work at Quadient's R&D center?
Quadient’s R&D center employs around 400 professionals, including software developers and UX designers.
What role does Quadient play in the local community?
Quadient actively engages with local educational institutions to develop future talent in technology, enhancing the community’s educational landscape.
What percentage of revenue does Quadient invest in R&D?
In 2023, Quadient invested 5.9% of its total group revenue into R&D activities.
Who can I contact for more information about Quadient?
For further inquiries, you can contact Catherine Hubert-Dorel or Caroline Baude from Quadient via their provided phone numbers and emails.
