CSI Leasing, an independent equipment leasing company based in the US, has announced the acquisition of two companies in Norway, Leasepartner AS and Leasemaker AS. 

The company now has leasing subsidiaries in 10 European countries and services customers in more than 50 countries worldwide. 

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CSI is merging the two companies into a new Oslo-based entity and all employees will join CSI from the acquired entities. Kenneth Mitsem and David Rognstad will jointly manage the day-to-day operations of what is expected to be the Norway subsidiary of CSI Leasing when it is officially launched. 

Javier Heredia, senior managing director of Europe for CSI Leasing, said: “We are thrilled to welcome our new Norwegian colleagues to the CSI team. Not only will these acquisitions increase CSI’s business in Norway, but we hope to leverage our local presence to further expand into the rest of the Nordic region, including Sweden, Finland and Denmark.”

Co-founded and owned by Mitsem and Rognstad, Leasepartner AS has been in the Nordic leasing market since 2006. With core values that include accountability, cooperation and innovation, their main focus has been to provide tailor-made solutions based on customer needs. 

In addition to Leasepartner AS, Mitsem was head of enterprise sales for Telia Finance Norway, country manager for Kaupthing Finans NUF and senior sales officer for IT Finans AS. 

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Rognstad has more than 25 years of leasing and finance experience. Previously, he was general manager of TeliaSonera Finance Norway, CEO of IT Finans AS, and held various managerial roles at Telia Finans NUF.

“We are excited to join CSI for many reasons. One key element is to provide sustainable IT leasing solutions in the Nordics, along with the unique capability to provide international lease options for Nordic companies with a global footprint,” said Mitsem and Rognstad in a joint statement. 

“We think CSI is a perfect match for us and believe that CSI’s presence in the Nordics will be a great benefit to our existing and new customers.”

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