De Lage Landen Signs Inventory Finance Agreement with Vermeer Corporation

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De Lage Landen, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced today that they have signed a new agreement with Vermeer Corporation that will extend their current program offerings to include inventory finance products to Vermeer dealers.

De Lage Landen, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced today that they have signed a new agreement with Vermeer Corporation that will extend their current program offerings to include inventory finance products to Vermeer dealers. This long-term partnership agreement reflects a significant and strategic expansion of De Lage Landen’s valued relationship with Vermeer, which was established in December 2010.

Through this exclusive global partnership, De Lage Landen is now the preferred provider of inventory finance products to Vermeer dealers in select markets. These products are specifically designed to drive equipment and parts sales. De Lage Landen continues to grow its global inventory finance business in order to support its partners.

“The expansion of our current partnership with Vermeer to include inventory finance products is indicative of De Lage Landen’s global value proposition to provide strategic services on a global basis,” says John C. Reed, President, De Lage Landen Commercial Finance. “We value the relationship and look forward to a long and mutually beneficial partnership.”

”We are excited about expanding our partnership with De Lage Landen to include the extension of a wholesale equipment finance offering to our dealer network,” says Steve Van Dusseldorp, Vice President of Finance, Vermeer Corporation. “This program, coupled with the retail program, is a powerful way to support the flow of equipment through the entire value stream and to provide the best financial products and services to customers in the global marketplace.”

De Lage Landen will continue to service Vermeer customers with retail and inventory finance products, while maintaining a reliable partnership based on stability, trust, and customized financing solutions.

About De Lage Landen
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. 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. De Lage Landen’s diversified solutions include car leasing in the European market and consumer finance and factoring in the Dutch home market.

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.

We care 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: http://www.delagelanden.com.

About Vermeer Corporation
Vermeer Corporation of Pella, Iowa, U.S.A., manufactures a full line of tub and horizontal grinders, brush chippers, stump cutters and tree spades, as well as horizontal directional drilling systems, mini skid steers, utility and track trenchers and agricultural products. Vermeer offers worldwide sales, support, service and parts through an independent, authorized dealer network.

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Helene Rudzinski
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