Gehl Company, 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.