De Lage Landen Financial Services and Vermeer Corporation Sign Formal Preferred Partnership Agreement in the United States
Wayne, PA (PRWEB) January 13, 2011
De Lage Landen Financial Services, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced today that it has formally signed an agreement with Vermeer Corporation to provide equipment finance services throughout the United States. The agreement will support registered industrial Vermeer dealers by providing retail leasing and financing to their end-user base.
The newly announced program was pre-launched to Vermeer and their dealers in November 2010 at the Vermeer annual global dealer year-end meeting in Pella, Iowa. Ongoing communications, training and marketing support will be delivered to all U.S. dealers throughout January.
“Vermeer presented themselves as the ideal partner for De Lage Landen,” says Rod Versteegh, president, Construction, Transportation and Industrial Global Business Unit, De Lage Landen. “Vermeer’s personnel, culture, and values perfectly mirror De Lage Landen’s vision and strategy, which will make for a truly strong and successful partnership with potential to expand globally.”
“We are very excited about the extensive opportunities this agreement presents to Vermeer customers and the entire Vermeer organization,” says Vermeer CEO, Mary Andringa. “With the tight credit markets experienced in recent years and the global reach of both Vermeer and De Lage Landen, this achievement will be welcomed by many. We look forward to working with De Lage Landen and providing yet another customer solution consistent with the Vermeer reputation for innovation.”
De Lage Landen is committed to offering Vermeer dealers and their customers tailored attention and unique finance programs that mirror the same quality and level of service provided by Vermeer Corporation.
About De Lage Landen
De Lage Landen is a global provider of high-quality asset-based financing products. Headquartered in Eindhoven (the Netherlands), De Lage Landen is 100% owned by Rabobank. This Dutch bank is triple-A rated by the major rating agencies Moody’s and Standard & Poor’s.
With offices and joint ventures in more than 35 countries worldwide, De Lage Landen specializes in asset financing and vendor finance programs on a worldwide scale. The global offering also includes an array of commercial finance solutions. The company focuses on the following industries: Food & Agriculture, Healthcare, Office Equipment, Technology Finance, Financial Institutions, Transportation and Construction & Industrial. De Lage Landen also offers private-label leasing programs for the banking industry, and delivers a broad range of financial services to leasing organizations and non-banking financial institutions.
In the Netherlands, De Lage Landen offers a broad range of financing products, both through local Rabobanks and directly to the market. These products include Equipment Leasing, Car and Commercial Vehicle Leasing, ICT Leasing, Consumer Finance and Factoring.
Athlon Car Lease International became part of De Lage Landen Group in 2006. Athlon Car Lease International is an international provider of operational car leasing, active in eight European countries.
In 2009 De Lage Landen achieved a net profit of € 112 million ($ 156 million USD) and a lease portfolio of € 23.7 billion ($ 34.2 billion USD). By year-end 2009, De Lage Landen had more than 5,000 employees. For more information, please visit our website: http://www.delagelanden.com.
About Vermeer Corporation
Vermeer Corporation of Pella, Iowa, U.S.A., manufactures a full line of tub and horizontal grinders, brush chippers, stump cutters and tree spades, as well as horizontal directional drilling systems, mini skid steers, utility and track trenchers and agricultural products. Vermeer offers worldwide sales, support, service and parts through an independent, authorized dealer network.
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