Gehl Co., a wholly owned subsidiary of Manitou BF SA, and De Lage Landen Financial Services, Inc. today announced they have entered into a strategic partner program agreement to provide equipment finance services throughout the U.S. The agreement will provide retail financing and dealer rental fleet financing programs.
Effective, October 1, 2010 De Lage Landen Financial Services, Inc. will offer tailored loan and lease financing directly to registered U.S. Gehl and Mustang brand Dealers and to end-user customers seeking equipment finance solutions. Gehl has used De Lage Landen and their subsidiary AgriCredit to provide retail finance solutions to its dealers and customers in Canada for many years. The newly announced program will be communicated to all US dealers in mid September.
“On behalf of the Gehl Company, we are extremely pleased to have created a partnership with De Lage Landen” states Daniel L. Miller, Gehl Company President and CEO. “De Lage Landen’s unique global footprint offers the potential for future expansion to include equipment finance solutions to our dealers and customers outside of North America.”
“De Lage Landen values this newly developed relationship with the Gehl Company and is confident the partnership will support their equipment sales throughout the United States. We look forward to the opportunity for future program expansion and growth with Gehl Company,” says Rod Versteegh, President of De Lage Landen’s Construction, Transportation and Industrial global business unit.
About Gehl Company
Gehl Company, a wholly-owned subsidiary of Manitou BF SA is a manufacturer and distributor of compact equipment used worldwide in construction and agricultural markets. Founded in 1859, the Company is headquartered in West Bend, Wisconsin. Gehl Company markets its products under the Gehl® and Mustang® brand names. Mustang product information is available on the Mustang
Manufacturing website (www.mustangmfg.com). CE Attachments, Inc. information is available at www.ceattach.com. GEHL Company information is available at www.gehl.com or contact: Gehl Company, One Gehl Way, West Bend, WI 53095 (telephone: 262-334-9461).
About De Lage Landen Financial Services
Headquartered in Eindhoven (the Netherlands), De Lage Landen, a fully owned subsidiary of Rabobank Group, specializes in asset-based financing programs for equipment manufacturers, dealers and distributors all over the world. 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, Our programs cover our customers’ total distribution chain, as well as the entire lease lifecycle. We offer customers a single source for leasing, administration, risk and asset management solutions.
Establishing a close and long-lasting relationship with our customers is at the heart of our company culture. This requires a genuine interest in and a thorough understanding of our customers’ business needs and goals. We partner with our customers to tailor solutions and develop programs that support mutual growth and profitability.
De Lage Landen cares not only about our customers, but also about the communities in which we operate. We strive to have a positive social and environmental impact through our products and the way we conduct business. For more information, please visit our website: www.delagelanden.com.
Labor-Force Reality: Dealers MUST Develop Their Own Home-grown Talent