Gehl Co., a wholly owned subsidiary of Manitou BF SA, and De Lage Landen Financial Services announced this week they have reached a strategic partner program agreement to provide retail financing and dealer rental fleet financing programs.
Effective Oct. 1, DLLFS will offer tailored loan and lease financing directly to registered Gehl and Mustang dealers in the United States, and to end-user customers seeking equipment finance solutions. Gehl has used De Lage Landen and its subsidiary AgriCredit to provide retail finance solutions to its dealers and customers in Canada for many years.
“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,” said Gehl president and CEO Daniel Miller.
“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,” said Rod Versteegh, president of De Lage Landen’s construction, transportation and industrial global business unit.
Gehl is based in West Bend, Wis., and markets its products under the Gehl and Mustang brand names. De Lage Landen Financial Services is based in Eindhoven, the Netherlands. DLLFS, a fully owned subsidiary of Rabobank Group, specializes in asset-based financing programs for equipment manufacturers, dealers and distributors all over the world.