Industrial News

The new program agreement, including both wholesale and retail programs, expands an existing relationship between the two companies.

“The signing of the program agreement for Australia and New Zealand is another step forward in solidifying the Manitowoc/De Lage Landen global relationship. This move is proof of the commitment we have in providing our customers in Australia and New Zealand with the same ease of financing and competitive rates that are available in the United States,” states Dave Pengelly, Director – New Business Development / Program Management for De Lage Landen Financial Services.

Manitowoc is a world leader in the crane market with product offerings in all the major segments of the industry. Manitowoc’s crane products are marketed under the following brand names: Manitowoc, Potain, Grove, and National.

“The establishment of the local program with Manitowoc is an exciting phase in the continued development of our materials handling and construction business in Australia and New Zealand. This program builds on the strong relationship enjoyed by both DLL and Manitowoc in the USA and places Manitowoc clearly at the forefront of the industry here, by offering top-quality equipment that is supported by quality financial products. Once again DLL has demonstrated that we are truly a global partner supporting our valued vendor partners," commented Ian Ritchie, General Manager, Materials Handling & Construction – Australia.

David Hull, Director, Trade Finance, The Manitowoc Company, Inc. added “We are very excited about taking yet another step in the globalization of CraneCREDIT, especially with a partner that has the depth of knowledge about our products and services as De Lage Landen Financial Services. Both organizations will be able to leverage off of the momentum that we have in the U.S. and Canada to bring a competitive financing solution to our customers and dealers in Australia and New Zealand.”

De Lage Landen International B.V.

De Lage Landen is a Netherlands based international provider of high-quality asset finance and vendor finance programs. The global offering also includes an array of commercial finance solutions. With a presence in more than 20 countries throughout Europe, the Americas and Asia Pacific the company focuses on the following industries: Food & Agriculture, Healthcare, Office Equipment, Telecommunications, Technology Finance, Materials Handling & Construction Equipment and Financial Institutions. In its domestic market the company offers Equipment Leasing, Car & Commercial Vehicle Leasing, ICT Leasing, Consumer Finance and Trade Finance through local Rabobanks but also direct to market.

De Lage Landen is a wholly owned subsidiary of the Dutch Rabobank Group that is AAA-rated by Moody’s and Standard & Poors. Over 2004 De Lage Landen grew its net profit to $174 million and its balance sheet total to $20 billion.

For more information, please visit our website at www.Delagelanden.com