on DIAGNOSTIC MEDICAL (EPA:ALDMS)
DMS Group Secures €4 Million from EIB for Medical Imaging Innovation
DMS Group, a leader in medical imaging technology, has secured €4 million from the European Investment Bank. This marks the first tranche of a €20 million financing agreement supported by the European Union's InvestEU program. The funds will expedite the development of advanced medical imaging solutions, including breakthroughs in digital radiology and bone densitometry.
This financing will enhance the company's industrial capacity at its Gallargues-le-Montueux site in France. The funds will also aid in navigating regulatory landscapes and launching new products globally between 2026 and 2030. Share subscription warrants have been issued as a part of this agreement.
The €20 million total financing is structured in three tranches, with future tranches subject to meeting specific operational milestones. The loan terms include a fixed annual interest of 5% for the first tranche, with repayment spanning six years.
R. H.
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