De Lage Landen Financial Services, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced this week that it has formally signed an exclusive partnership agreement with LiuGong Machinery Corp. to provide equipment finance services throughout the United States and Canada. The agreement will offer inventory finance options to LiuGong dealers and provide their end-user customers with retail equipment finance solutions.
Headquartered in Liuzhou, China, for 50 years, LiuGong has been manufacturing and distributing wheel loaders, hydraulic excavators, rollers, road equipment, multipurpose compact products such as skid-steer loaders and backhoe loaders, and forklift trucks throughout 80-plus countries globally and has recently entered into the United States and Canada. As LiuGong develops and on-boards its North American dealer base, this partnership will offer tailored finance products. Authorized dealers will also be able to take advantage of the wholesale floor plan finance program through De Lage Landen to help them establish their partnership with LiuGong, as they build their inventory.
"It is exciting to partner with LiuGong as they expand and enter in to a new market," said Rod Versteegh, president of De Lage Landen's Construction, Transportation and Industrial Global Business Unit. "LiuGong is a premiere vendor partner that offers product diversity and an expansive global footprint that mirrors our value proposition.”
LiuGong plans to make an official announcement of the partnership at ConExpo in Las Vegas later this month.
LiuGong Machinery Corp., headquartered in Liuzhou, China, has produced construction equipment for more than 50 years and is growing throughout the world.