Dutch funder De Lage Landen
(DLL) has signed an agreement with American company Vermeer
Corporation to provide equipment finance services across the
US.
The aim is to support registered
industrial Vermeer dealers, and will provide retail leasing and
financing to end-users.
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Rod Versteegh, president of the
construction, transportation and industrial global business unit at
DLL, said: “Vermeer presented themselves as the ideal partner for
De Lage Landen.
“Its 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.”
Vermeer CEO Mary Andringa added:
“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.”
Vermeer, based in Pella, Iowa,
manufactures equipment for agriculture, construction, landscaping,
organic recycling, surface mining tree care and wood waste
processing.
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