View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Companies
June 19, 2012updated 12 Apr 2017 4:07pm

GE Capital plans German expansion

GE Capital Germany plans to double, at least, its total leasing assets, which currently stand at $4bn, over the next four-years, according to chief executive Joachim Secker. The growth, Secker told Dow Jones on Friday, will be achieved organically and through acquisitions, adding that capital growth is available from its parent company, entitling him to buy portfolios or companies

By Charles Wheeldon

GE Capital Germany plans to double, at least, its total leasing assets, which currently stand at $4bn, over the next four-years, according to chief executive Joachim Secker.

The growth, Secker told Dow Jones on Friday, will be achieved organically and through acquisitions, adding that capital growth is available from its parent company, entitling him to buy portfolios or companies. Secker declined, however, to reveal if GE Capital is currently in talks about acquisitions.

Dow Jones also reported that IKB Leasing, the leasing arm of German bank IKB Deutsche Industriebank, could well be preparing for a sale and that GE Capital and Deutsche Leasing are likely to make bids.

Secker’s announcement supports GE’s ambitions, revealed last year, to grow its business in Europe, especially in Germany, Norway and Sweden, central and eastern Europe and Russia.

In Germany, GE Capital has leasing, factoring, investment loans, fleet services and inventory financing operations.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life