WAYNE, Pennsylvania, December 23, 2014 /PRNewswire/ --
Company Shows Double-Digit Growth Amidst Sector Challenges
DLL (formerly De Lage Landen), a global provider of asset-based financial solutions, today announces that three of its food and agriculture brands have been ranked among the top 10 on the EDA's Industry Insight list of Top 20 Equipment Lenders-a prominent data-driven list that considers financing activity for new equipment in eleven industries.
Those brands-Mahindra Finance USA, Agco Finance and Agricredit-held the fourth, fifth and seventh positions respectively on the November 2014 list. Mahindra Finance and AGCO both operate as joint ventures in the U.S.
Despite declines in the agriculture segment of the leasing industry in quarter-to-quarter and year-over-year performance, DLL has reported continued double-digit growth in this segment and increased marketshare over last year.
"Food and Agriculture remains a very important part of DLL's portfolio and we're proud to tailor our go-to-market strategy to meet the individual needs of our customers," said Bill Stephenson, CEO. "We achieve success by combining DLL's financial knowhow with the innovative products our partners have developed to help feed a growing population among ever-shrinking resources."
Founded nearly 45 years ago to meet a growing demand for more sophisticated financial services in F&A, DLL meets today's need for comprehensive solutions and offers financing in three main markets: Hobby farming, production farming and Golf & Turf.
Leveraging parent company Rabobank's presence as one of the largest F&A banks in the world, DLL works with its vendor partners-ranging from independent family-owned dealers to the world's largest dealer organizations-to put the right tools in the right hands.
DLL is a global financial solutions partner working in Agriculture, Food, Healthcare, Clean Technology, Automotive, Transportation, Construction, Industrial Equipment and Office Technology. We collaborate with equipment manufacturers, dealers and distributors to enable businesses to obtain and use the assets they need to contribute meaningfully to the world. DLL delivers original, integrated financial solutions to support the asset life cycle from leasing, vendor and commercial finance to remarketing. In addition, we offer mobility solutions, factoring and consumer finance. DLL's 5,500 members support its partners in 36 countries. The company is a fully owned subsidiary of Rabobank Group. http://www.dllgroup.com