Cummins Power Generation signs De Lage Landen to provide comprehensive equipment financing for rental customers
New rental financing will help Cummins Power Generation distributors and customers expand rental fleets and offer flexibility to rental power users
February 26, 2014
Cummins Power Generation signs De Lage Landen to provide comprehensive equipment financing for rental customers
New rental financing will help Cummins Power Generation distributors and customers expand rental fleets and offer flexibility to rental power users
Minneapolis – Cummins Power Generation (CPG) is adding financing as an important tool to further grow the company’s rental power business. The company has signed a comprehensive financing partnership with The Construction, Transportation & Industrial (CT&I) Business Unit of De Lage Landen Financial Services (DLL). DLL will provide financing programs for CPG’s mobile power generators, including retail, rental fleet and floor-plan financing solutions for Cummins’ United States distributors and customers. The competitive financing programs will help broaden and support CPG’s rental product offering.
“DLL’s ability to service our full value chain is extremely beneficial,” said Scott Strudwick, Director-Global Rental Segment at Cummins Power Generation. “Financing is a new area for us and we are glad to partner with a company that has the right capabilities, industry experience, and global reach that we need to support our rental business.”
Cummins Power Generation’s North American rental segment offers a full range of pre-integrated, sound-attenuated containerized rental generator sets from 60kW to 2 MW. Ultimately, there is potential to offer the financing program across multiple countries and into other equipment segments manufactured by the organization. The global footprint of DLL matches CPG’s network across the world.
As Cummins Power Generation’s new Preferred Finance Partner, DLL will provide unique and tailored financial solutions to both CPG’s sales channels and rental customers who depend on the company’s onsite mobile power systems.
“DLL is proud to collaborate with an organization that shares our partner-focused approach to business,” said Rod Versteegh, President, CT&I Global Business Unit. “We look forward to the opportunities to grow with and provide support to their customers today and into the future.”
About Cummins Power Generation
Cummins Power Generation, a subsidiary of Cummins Inc. (NYSE: CMI), is a global leader dedicated to increasing the availability and reliability of electric power around the world. With more than 90 years of experience, the company’s global network of distributors in more than 190 countries delivers innovative solutions for any power need – commercial, industrial, recreational, emergency and residential.
About De Lage Landen
De Lage Landen, a fully owned subsidiary of Rabobank Group, specializes in asset-based financing programs for equipment manufacturers, dealers and distributors all over the world. Our programs cover our customers' total distribution chain, as well as the entire lease lifecycle. We care not only about our customers, but also about the communities in which we operate. We strive to have a positive social and environmental impact through our products and the way we conduct business. For more information please visit our website: www.delagelanden.com.
Cummins Contact:
Madeline Foss
Marketing Communications Manager - Power Products
Cummins Power Generation
651-787-6129
DLL Contact:
Tiffany Burke
484-868-5029
Agency Contact
Susan McPherson
President
Creative Communications Consultants, Inc.
612-338-5098
