Wacker Neuson and De Lage Landen agree finance cooperation

By Murray Pollok02 October 2013

Wacker Neuson's Munich headquarters.

Wacker Neuson's Munich headquarters.

Wacker Neuson has agreed a worldwide cooperation with De Lage Landen (DLL) to provide asset financing for its customers. The two have created a “virtual joint venture” to offer finance under the Wacker Neuson Finance brand.

The German manufacturer said an increasing number of customers were financing their equipment purchases to preserve liquidity, with a high proportion of compact equipment already being financed.

“There are many reasons that speak for financing machines and equipment," said Cem Peksaglam, CEO of Wacker Neuson. "One important reason is the reduced burden on our customers' liquidity. Financing machines has become very attractive due to very good conditions as well as fast and uncomplicated processing."

Günther Binder, CFO of Wacker Neuson, said DLL had been chosen “because they offer a great deal of industry knowledge and have corresponding expertise and a global presence. Dealers and customers in different countries can now draw on flexible and customised financing solutions."

Finance packages for periods of between one and five years will be available. DLL is a wholly owned subsidiary of Netherlands-based Rabobank Group.

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