COFIDES has granted a €500,000 loan to IED, an industrial SME based in Navarre specializing in the design, development and manufacturing of advanced technology for strategic sectors. With solid experience in integrating innovation into renewable energy infrastructure, this financing will support the company’s commercial rollout in the United States.
The funding, provided through the Fund for Small and Medium-Sized Enterprise Investment Operations (FONPYME), will be allocated to personnel expenses and logistics costs to launch a local manufacturing plan for electronic equipment in the US aimed at the renewable energy industry.
IED supplies solar tracker control systems for both newly built and operational solar parks. This expansion is strategic for the company, as it will enable access to the world’s second-largest tracker market, strengthen relationships with customers and increase overall activity.
According to Miguel Ángel Ladero, Corporate Director of the Investment Department at COFIDES, “this transaction aligns with COFIDES’ objectives of supporting SMEs and technology companies by promoting innovation, growth, competitiveness and the digital transformation of Spain’s productive fabric, which is particularly relevant in a highly competitive market such as solar energy.”
A STRATEGIC COMMITMENT TO INDUSTRIAL PROXIMITY
“Establishing a presence in the US represents a decisive step in strengthening our relationships with strategic customers, accelerating response times and adding value through localized production,” said Íñigo Ayerra, CEO of IED. “COFIDES’ backing not only reinforces our operational capacity, but also recognizes the value of our industrial model: a technology-driven SME with a global outlook. The United States is a demanding market, but also a strategic one for scaling sustainable and robust solutions. We are entering the market to strengthen our value proposition through proximity and competitiveness.”
COFIDES has granted a €500,000 loan to IED, an industrial SME based in Navarre specializing in the design, development and manufacturing of advanced technology for strategic sectors. With solid experience in integrating innovation into renewable energy infrastructure, this financing will support the company’s commercial rollout in the United States.
The funding, provided through the Fund for Small and Medium-Sized Enterprise Investment Operations (FONPYME), will be allocated to personnel expenses and logistics costs to launch a local manufacturing plan for electronic equipment in the US aimed at the renewable energy industry.
IED supplies solar tracker control systems for both newly built and operational solar parks. This expansion is strategic for the company, as it will enable access to the world’s second-largest tracker market, strengthen relationships with customers and increase overall activity.
According to Miguel Ángel Ladero, Corporate Director of the Investment Department at COFIDES, “this transaction aligns with COFIDES’ objectives of supporting SMEs and technology companies by promoting innovation, growth, competitiveness and the digital transformation of Spain’s productive fabric, which is particularly relevant in a highly competitive market such as solar energy.”
A STRATEGIC COMMITMENT TO INDUSTRIAL PROXIMITY
“Establishing a presence in the US represents a decisive step in strengthening our relationships with strategic customers, accelerating response times and adding value through localized production,” said Íñigo Ayerra, CEO of IED. “COFIDES’ backing not only reinforces our operational capacity, but also recognizes the value of our industrial model: a technology-driven SME with a global outlook. The United States is a demanding market, but also a strategic one for scaling sustainable and robust solutions. We are entering the market to strengthen our value proposition through proximity and competitiveness.”
ABOUT IED
IED is an industrial company headquartered and rooted in Navarre, specializing in the development of electronic solutions for strategic sectors such as renewable energy, electric mobility and industrial automation. Since its founding more than 30 years ago, the company has pursued a sustainable growth model based on technological innovation, customer proximity and a commitment to energy efficiency.
It operates facilities in Spain, India, China and now also the United States. IED is driving the shift toward a more efficient, connected and sustainable industry. Its technological vision serves key sectors undergoing transformation, with continued investment in knowledge, partnerships and the future of industry.
ABOUT COFIDES
COFIDES is a state-owned commercial entity that manages public financial instruments, as well as its own resources and those of third-party institutions, with a range of objectives: supporting the internationalization of the Spanish economy, attracting foreign investment to strategic sectors in Spain, promoting the impact economy in Spain, and contributing to development in the countries where it invests. In addition to the Spanish State, which holds a majority stake, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and CAF–Development Bank of Latin America.
IED is an industrial company headquartered and rooted in Navarre, specializing in the development of electronic solutions for strategic sectors such as renewable energy, electric mobility and industrial automation. Since its founding more than 30 years ago, the company has pursued a sustainable growth model based on technological innovation, customer proximity and a commitment to energy efficiency.
It operates facilities in Spain, India, China and now also the United States. IED is driving the shift toward a more efficient, connected and sustainable industry. Its technological vision serves key sectors undergoing transformation, with continued investment in knowledge, partnerships and the future of industry.
ABOUT COFIDES
COFIDES is a state-owned commercial entity that manages public financial instruments, as well as its own resources and those of third-party institutions, with a range of objectives: supporting the internationalization of the Spanish economy, attracting foreign investment to strategic sectors in Spain, promoting the impact economy in Spain, and contributing to development in the countries where it invests. In addition to the Spanish State, which holds a majority stake, its shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and CAF–Development Bank of Latin America.
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