SEK finances Syntronic AB
SEK has financed Syntronic, which is an engineering consulting company specializing in radio technology and wireless communications.
Syntronic is a subcontractor to Ericsson, Saab, Sandvik and others. The loan has enabled the company’s continued international expansion in countries including China, Canada and Indonesia.
“For Syntronic, SEK is an extraordinary supplement to our commercial bank. SEK and our bank have collaborated on financing, and this has helped up in our global expansion.”
– Björn Jansson, CEO and lead owner, Syntronic AB
Know your customer and sustainability checks have been conducted, as is SEK’s standard practice in all transactions. The checks mean that the business transaction is analyzed to assess the risk of money laundering and financing of terrorism, the risk of corruption, negative environmental impact, human rights and labor conditions.
Facts and business partners
Amount: Skr 50 million
Borrower: Syntronic AB
Guaranteed by: EIF covering 50 percent of the loan