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De Lage Landen Signs Program With Cummins Power Generation

February 27, 2014, 07:04 AM
Filed Under: Vendor Finance News

Cummins Power Generation (CPG) is adding financing as an important tool to further grow the company's rental power business. The company has signed a comprehensive financing partnership with The Construction, Transportation & Industrial (CT&I) Business Unit of De Lage Landen Financial Services (DLL). DLL will provide financing programs for CPG's mobile power generators, including retail, rental fleet and floor-plan financing solutions for Cummins' United States distributors and customers. The competitive financing programs will help broaden and support CPG's rental product offering.

"DLL's ability to service our full value chain is extremely beneficial," said Scott Strudwick, Director-Global Rental Segment at Cummins Power Generation. "Financing is a new area for us and we are glad to partner with a company that has the right capabilities, industry experience, and global reach that we need to support our rental business."

Cummins Power Generation's North American rental segment offers a full range of pre-integrated, sound-attenuated containerized rental generator sets from 60kW to 2 MW. Ultimately, there is potential to offer the financing program across multiple countries and into other equipment segments manufactured by the organization. The global footprint of DLL matches CPG's network across the world.

As Cummins Power Generation's new Preferred Finance Partner, DLL will provide unique and tailored financial solutions to both CPG's sales channels and rental customers who depend on the company's onsite mobile power systems.

"DLL is proud to collaborate with an organization that shares our partner-focused approach to business," said Rod Versteegh, President, CT&I Global Business Unit. "We look forward to the opportunities to grow with and provide support to their customers today and into the future."

New rental financing will help Cummins Power Generation distributors and dealers expand rental fleets.

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