The CHG-MERIDIAN Group reported a strong financial and operational performance in 2024, driven by global demand for circular technology solutions and increased uptake of financially efficient IT usage models.
According to a press release, the technology management and financing specialist recorded €2.83 billion in lease originations, a 16% increase year-on-year (2023: €2.45 billion). Pre-tax profit from ordinary activities rose 7% to €175 million. Adjusted for currency effects, the company said profit would have grown by 33%.
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CHG-MERIDIAN’s total technology portfolio expanded to €11.73 billion in assets under management, up 17% compared with 2023 (€10.01 billion), based on original acquisition cost. Growth was reported across all technology segments – IT, healthcare and industrial – and in all regions.
According to CEO Mathias Wagner, 2024 marked the company’s most successful year in its 45-year history. He attributed the performance to rising demand for IT infrastructure that enables digital transformation and supports innovation in fields such as artificial intelligence.
“Investing in high-performance IT is no longer optional. Companies are under pressure to innovate while maintaining control over costs, liquidity, and cash flow amid ongoing global economic challenges,” Wagner said.
A central element of CHG-MERIDIAN’s strategy is its focus on usage-based models and circular technology. In 2024, the company remarketed around one million IT devices globally, representing 94% of its lease returns. These assets were refurbished and prepared for second use, reducing electronic waste and offering financial flexibility to customers.
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By GlobalDataCHG-MERIDIAN supports approximately 13,000 clients worldwide with lifecycle management solutions, including leasing, renting, and device-as-a-service (DaaS). The company manages financing, usage services, and end-of-life processes for its customers’ technology assets.
International operations continue to be a focus. More than 60% of the Group’s business is generated outside Germany. In 2024, CHG-MERIDIAN expanded its global footprint with acquisitions in Australia (Maia Financial) and the US (Meridian Leasing Corporation).
It also extended its partnership with Sumitomo Mitsui Finance and Leasing (SMFL) into China, Malaysia and Thailand.
