Hitachi Construction Machinery (Europe)
Hitachi Construction Machinery Europe and BNP Paribas Leasing Solutions announce strategic partnership
May 16, 2023
[Amsterdam, The Netherlands, 16 May 2023]
Hitachi Construction Machinery (Europe) NV (HCME) today announced a strategic partnership with BNP Paribas Leasing Solutions for the provision of dealer financing solutions for its construction machinery.
Under the agreement, BNP Paribas Leasing Solutions will be the preferred financial solutions provider for HCME’s dealer network across multiple European countries. HCME dealers will be able to offer customers access to a range of flexible financing options under the Zaxis Finance brand, making way for a seamless, hassle-free buyer experience. Finance will be available for the acquisition of all new and used excavators and wheel loaders.
This announcement comes after BNP Paribas Leasing Solutions was appointed exclusive finance partner in the UK for Hitachi Construction Machinery UK Ltd last December.
“Access to equipment finance is vital to support the continued evolution of the European construction industry,” says HCME President Takaharu Ikeda. “We are delighted to partner with BNP Paribas Leasing Solutions so that our dealers can continue to deliver fast, efficient and bespoke services to our customers that match their unique capital investment needs.”
Commenting on the partnership, Isabelle Loc, CEO at BNP Paribas Leasing Solutions said, “As the European leader in asset finance, we are a trusted funding partner for some of the world’s leading manufacturers across diverse sectors, including construction. We are thrilled to have signed this agreement with the HCME team and now look forward to delivering on our capacity to drive exceptional value for HCME and its dealer network, not just in terms of financing but also the expertise and the wider sector knowhow which we have within BNP Paribas.”
About HCM
Hitachi Construction Machinery Co., Ltd. (TSE: 6305), headquartered in Tokyo, Japan, is a construction machinery manufacturer. The company engages in the development, manufacturing, sales, and service operations around the world for hydraulic excavators, wheel loaders, road construction machines, and mining machinery. Hitachi Construction Machinery is strengthening its focus on value chain businesses other than new machinery sales, such as parts and services, rentals, used equipment, and parts recycling, and is utilizing digital technologies to provide deeper solutions at all points of contact with customers. Hitachi Construction Machinery employs approximately 25,000 people worldwide. In fiscal year 2022 (ended March 2023), the consolidated sales revenue was ¥1,279,468 million (an increase of 24.8% year on year), and the percentage of overseas revenue was approximately 79%. For more details, visit the company’s website (20230426-HCM-Financial-E.pdf (hitachicm.com).
ABOUT BNP PARIBAS LEASING SOLUTIONS
At BNP Paribas Leasing Solutions, we offer capital efficient business equipment financing solutions in key sectors including agriculture, construction, transportation, materials handling, ICT, healthcare and green tech. Drawing on our proud 70-year history, our partners and clients rely on our market expertise, asset know-how and advisory services to propel their growth, transformation and transition to a low carbon circular economy.
We employ over 3,700 experts and are present in 17 countries across Europe and Turkey. We also offer vendor finance solutions in the USA and Canada in partnership with Bank of Montreal, and in China through Jiangsu Financial Leasing. In 2022, we advanced over €15 billion in asset finance and presently manage a €38 billion leased assets portfolio. BNP Paribas Leasing Solutions is fully owned by BNP Paribas and is positioned within the Group’s Commercial, Personal Banking & Services division.
* Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
