The ICF, the public development bank of the Generalitat de Catalunya, has provided Salicru with €2.5 million ICF Eurocrèdit loan to boost the company’s reindustrialisation, expand its production facilities and digitalise its processes, with the aim of achieving international growth.

ICF Eurocrèdit loans offer advantageous conditions for Catalan SMEs seeking to promote investment, open up new markets and develop innovative projects, thanks to co-financing from the European Union through the European Regional Development Fund (ERDF).

Salicru was founded in 1965 to manufacture and market products designed to protect industrial, professional and domestic systems from electrical problems caused by disturbances in the power grid. Over the years, the company has developed an engineering team that has positioned it as the leader in the Spanish market in the field of power electronics equipment to ensure a continuous, clean and reliable electricity supply.

According to Vanessa Servera, consejera delegada del ICF, “financing industrial growth and international export projects is part of the ICF’s DNA throughout its forty-year history. Our purpose is to promote and scale up industrial projects with an impact on the economy, the territory and the market, creating new job opportunities.”

For Antoni Garriga, director general de Salicru, this investment “is an opportunity at a key moment for us, and a commitment from the territory to the territory. We are a company that receives strong support from private banking, and the fact that public banking also trusts us for financing is a sign that we are doing things right.”

Today, having access to a high-quality power supply is essential in any sector of economic activity. In this context, the company develops tailor-made solutions for different markets, such as industry, large corporations, infrastructure and transport, electric utilities and energy efficiency, without overlooking homes and small businesses. It invests 5% of its annual turnover in R&D, three times the Spanish average.

ICF financing will enable Salicru to expand its industrial floor space and digitalise production processes. With more than 2 million units operating worldwide, the brand is present in over 130 countries and has subsidiaries in China, Morocco, Mexico, Peru, Portugal, the Middle East, France and Australia. Since 2022, the company has expanded and doubled its workforce, reaching 400 employees.