Gehl and De Lage Landen to work together

WEST BEND, Wis. - Gehl Co., a wholly owned subsidiary of Manitou BF SA, and De Lage Landen Financial Services have agreed to provide equipment finance services throughout the U.S. The agreement will provide retail financing and dealer rental fleet financing programs.

Effective, Oct. 1, 2010, De Lage Landen Financial Services will offer tailored loan and lease financing directly to registered U.S. Gehl and Mustang brand dealers and to end-user customers seeking equipment finance solutions. Gehl has used De Lage Landen and its subsidiary AgriCredit to provide retail finance solutions to its dealers and customers in Canada for many years. The newly announced program will be communicated to all U.S. dealers in mid-September.

“On behalf of the Gehl Company, we are extremely pleased to have created a partnership with De Lage Landen” said Daniel L. Miller, Gehl president and CEO. “De Lage Landen’s unique global footprint offers the potential for future expansion to include equipment finance solutions to our dealers and customers outside of North America.”

“De Lage Landen values this newly developed relationship with the Gehl Company and is confident the partnership will support their equipment sales throughout the United States.  We look forward to the opportunity for future program expansion and growth with Gehl Company,” said Rod Versteegh, president of De Lage Landen’s Construction, Transportation and Industrial global business unit.