All articles by Verdict Staff
Verdict Staff
KGAL extends photovoltaic partnership
Germanys KG Allgemeine Leasing (KGAL) and Phoenix Solar, a photovoltaic technology group, have extended for three more years an agreement to develop power plants.
Iveco Capital in largest ever Stralis order
Iveco has won an order with logistics firm KN Drinks Logistics, a UK subsidiary of US-headquartered Kuehne & Nagel Group, for the supply of 164 Iveco Stralis tractor units.
MAN signs up SAP
MAN FS has successfully migrated to an SAP platform after eight years with LPM Outsourcing, the UK specialist in back office administration.
Angel Trains scoops further contracts
Angel Trains has won two major contracts in the last month, the latest one being with the Dutch government for its new high-speed rail link connecting key transport networks at Amsterdam with Rotterdam.
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On the move – September
GE Capital has hired former Linklaters banking partner Neil Harnby for the newly created role of general counsel for Europe, Middle East and Africa GE Capitals legal division was previously headed by Lorna Curry, who is in charge of structured financing and lending, and Simon Ramage, who is head of legal for the leasing business and UK platform
Optare dives into the leasing business
The UKs second-largest bus manufacturer, Optare plc, has gone into the leasing business with new venture Optare Direct, aiming to provide its own finance and leasing proposition to independent bus operators across Britain. As well as providing standard leasing and hire purchase products, Optare Direct will provide short-term rental offerings, as well as products including refurbishment, maintenance and parts provision
600 Group boosts sales ad scheme
British machine tool giant 600 Group is about to strengthen its sales aid programme with Close Asset Finance, as part of series of changes that have seen the group restructure itself to meet the unique challenges of a depressed manufacturing climate. Zero percent finance offers might be the next item on the menu for 600, which currently offers a variety of finance packages through a joint venture with Close called 600 Finance. Finance is sold through distribution arm 600 Centre and is available on products including Colchester-Harrison lathes, Electrox laser marking systems, workholding systems from Pratt Burnerd International and Crawford Collets, and Gamet bearings.
Asset funding takes off for subsidiary of Japanese company
Citizen Machinery UK, a subsidiary of Citizen Machinery Japan, has seen great progress with its asset funding programme, with sales penetration rising from 75 percent of its £12 million (13.7 million) annual turnover in 2007 to nearly 95 percent this year.
HP $73m Swedish deal
HP Financial Services has agreed to finance a $73 million (51.9 million) deal between HP and Lnsfrskringar, a Swedish banking and insurance firm Under the terms of the agreement, HP will provide Lnsfrskringar with servers, storage, workplace and applications management services, which HP Financial Services will lease to the bank