OSAI Automation System is a Turin-based SME, established in 1991, which operates in the automation of industrial processes with the primary aim of providing its clients with solutions to modernize their production equipment, in order to be competitive with low labor cost areas.
The solutions provided by OSAI are standard or special systems for the assembly and testing of high-technology components for the semiconductor, automotive and electronic industries.
The special attention paid to the development of innovative solutions for increasingly demanding and prestigious clients has enabled the business to grow and consolidate over the years, reaching in 2015 a workforce of over 100 units, exports accounting for over 70% of revenues; in addition, the company has become one of the world leaders in the semiconductor industry.
OSAI, which became a joint-stock company in 2014, currently has 3 foreign branches, in Germany, China and the United States, as well as 40 distributors ensuring a worldwide network.
Within the framework of the initiative “Programma 2i per l’Impresa” promoted by Cdp, SACE and EIF – which provides Italian SMEs with resources from the Juncker Plan to support their internationalization and innovation projects – SACE, Iccrea BancaImpresa and Banca d’Alba Credito Cooperativo granted a credit line of 800 thousand Euro to support the innovation and international growth of OSAI.
The loan – issued by Iccrea, guaranteed by SACE and counter-guaranteed by the EIF* – will enable the company to develop an innovative research project aimed at developing advanced systems for testing microchips for the semiconductor industry. The investment, which should allow for the reduction of the environmental impacts and an increase in productivity, will give the business a competitive advantage in its growth process on the most appealing foreign markets for the sector, like North America, Europe and Asia.
* The loan, in the case in point, benefits from the “InnovFin” guarantee issued by the European Investments Fund (“EIF”), with the financial backing of the European Union in compliance with the Horizon 2020 programme and the European Fund for Strategic Investments (“EFSI”). The purpose of the EFSI is to help grant access to finance and implement production investments in the European Union, as well as ensure greater access to finance.