Transaction details

Ethica Debt Advisory assisted the Cornaglia Group in obtaining a grant and a subsidized loan from the Ministry of Economic Development

Esaote is one of the world’s leading manufacturers of medical diagnostic devices, European leader in the production of ultrasound and international leader in the field of magnetic resonance imaging.

The facilitations granted by the Ministry of Economic Development, consisting in a soft loan and a non-repayable grant, are aimed at supporting a complex industrial research and experimental development programme planned for the three-year period 2021-2023. The subsidy was granted under the Sustainable Growth Fund, in accordance with Ministerial Decree of the 2nd of August 2019 – Digital Agenda.

The research and development project falls within the field of echographic diagnostics, in which the company is leader. The ultimate goal of the project is to create an innovative system for ultrasound diagnostics, that will be characterised by an integrated digital structure.