GE Capital’s Germany equipment financing
division, DISKO, has signed equipment leasing contracts worth a
combined €7.8 million (£6.9 million) with Pfenning Logistics.
The contracts include 95 new semi-tractors,
trailers and refrigeration units. With the agreement concluded,
this will support the on-going growth of Pfenning, including the
additional purchase of 70 new refrigeration units, which will be
installed on existing vehicles.
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Jürgen Janz, CEO of GE Capital’s DISKO
Equipment Financing subsidiary, explained that equipment leasing is
a form of finance that is of particular benefit to the Mittelstand,
Germany’s SME powerhouse.
“Their main concern is being able to make an
investment to grow, while maintaining existing lines of credit and
liquidity,” said Janz.
Karl-Martin Pfenning, managing director of
Pfenning Logistics, said: “This is a time in which having a
competent partner, who understands our business, is essential.”
ronan.mccaughey@vrlfinancialnews.com
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