(PRWEB) December 17, 2009
De Lage Landen International B.V. wins European Vendor Partnership of the Year award. The award was presented at the annual Asset Finance Conference & Awards in Berlin on December 10th 2009.
Bill Stephenson, Chief Commercial Officer Global Business Units accepted the award on behalf of De Lage Landen. 'We've been in the vendor finance business for decades. And all these years we've religiously stuck to a strategy that strives for long term relationships that are profitable for, and add value to all parties involved. I am glad to see that's being recognized.'
The European Vendor Partnership of the Year award centers on a lessor's ability to manage all three parties in a vendor finance agreement - the lessor, the manufacturer and the customer - whilst driving volumes and paying attention to due diligence.
VRL nominated De Lage Landen, because despite extremely difficult circumstances De Lage Landen reported a €47 million net profit for H1 2009 and managed to increase its credit portfolio to €23.3 billion. Moreover De Lage Landen entered into several new partnerships with among others Tech Data Corporation, Kuhn and Samsung.