Técnicas Reunidas obtains 18 million euros for the financing of its Digitalization Plan

• It has signed a syndicated loan for this amount, of which 14 M€ are within the framework of the second phase of the Recovery, Transformation and Resilience Plan (RTRP) financed by the European Union’s Next Generation Funds.
• This loan will cover part of the investment of nearly 30 M€ that the company is facing through this Plan to strengthen the digitalization of its activities, which is one of the pillars of its new SALTA Strategic Program presented last May.
• Técnicas Reunidas has achieved a significant number of advances in digitalization, based on “in house” technological solutions, especially in the areas of Artificial Intelligence, robotization, digital twins and new technology drones, which are already being applied in the services it provides to its clients.
• The syndicated loan counts on the participation of ICO, EBN Banco and Caja Rural de Navarra, and EBN Banco’s C&IB team has acted as Global Coordinating Entity and Agent Bank.

Técnicas Reunidas has signed a syndicated loan of 18 million euros to partially finance the Digitalization Plan that it is implementing to strengthen the efficiency and productivity of its activities through innovation in Artificial Intelligence and other digital solutions.

Digitalization is one of the key pillars of its new SALTA Strategic Program that the company presented publicly last May during its Capital Markets Day. To reach this goal, it has drawn up a three-year Digitalization Plan, with a budget of around 30 million euros, among other initiatives.

EBN Banco and ICO are participating in this syndicated loan through the “ICO Companies and Entrepreneurs Line” of the European Union’s Recovery, Transformation and Resilience Plan (RTRP), endowed with 8.15 billion euros, aimed at boosting the growth, competitiveness and digitalization of companies and financed with EU Next Generation Funds.

The remainder of the loan is completed with Caja Rural de Navarra. In addition, EBN Banco’s C&IB team has acted as Global Coordinating Entity and Agent Bank for the syndicated loan.

Eduardo San Miguel, CEO of Técnicas Reunidas, has emphasized that “This loan will help to consolidate our differentiation from our competitors as a leading company in the use of digital tools in the execution of projects”.

Company advances in AI, robotization, digital twins and drones

Técnicas Reunidas has achieved important milestones in the digitalization of its activities through solutions developed in-house, which are already being applied in the engineering services it provides to its clients.

The automation and optimization of tasks through the use of robots increases the company’s competitiveness by improving quality and saving execution times, and allows it to meet the growing requirements of its main reference customers, such as EXXON or Saudi Aramco, among others.

These robots, which are becoming increasingly sophisticated from a technological point of view, are applied to a wide range of daily tasks, both in specific jobs (e.g., welding in workshops) and in inspection activities, which carry out monitoring, detection and surveillance tasks to ensure that new plants are executed under optimum safety and quality conditions.

Also noteworthy is the progress made by Técnicas Reunidas in the field of the digital twin, a complex and transversal technological solution that it has already implemented in projects for some of its main clients. To meet those requirements, the company has developed an internal solution that allows it to connect its various databases and adapt to any software of its clients.

The company already does so in the engineering, procurement and construction (EPC) phases and is currently investing in developing a new digital twin solution for the operation and maintenance phases.

Finally, under the denomination of TR DRONES 360, it has developed an innovative drone technology that allows the links among different company platforms, databases, models and point clouds. One of the implemented techniques is the orthophoto, which facilitates the connection with other systems, such as digital twins, through high quality visualizations. This approach facilitates decision making and effective control of the projects, thus contributing to the optimization of operation and maintenance phases.

About Técnicas Reunidas

Técnicas Reunidas is a global engineering company with a presence in 25 countries and a track record that totals more than 1,000 industrial plants over its more than 60 years of experience. 

It specializes in the design and construction of large industrial plants dedicated mainly to the production of clean fuels, natural gas and chemical products. 

The company is also at the forefront of technologies and solutions related to the energy transition, the circular economy and the decarbonization of facilities. These solutions encompass technologies such as renewable hydrogen and its derivatives, biofuels and biochemicals, and carbon capture.

The development of these solutions has been strongly boosted following the launch last year of track, the company’s new strategy to maximize its opportunities and accelerate its implementation in the low-carbon economy. The main activities included in it are engineering services for the early stages of decarbonization projects or for their full development, as well as carbon and methane management.