Introducing a New Era of Vehicle Rentals
In a significant development for the automotive industry, DLL (De Lage Landen International B.V.) has joined forces with Iveco Group (EXM: IVG), embarking on a Joint Venture designed to transform the landscape of low- to zero-emission vehicles in Europe. This collaboration promises to revolutionize access to sustainable mobility solutions, supporting the ongoing energy transition.
The Joint Venture for Sustainable Growth
Subject to necessary regulatory approvals, DLL will acquire a 51% stake in GATE, currently a fully owned subsidiary of Iveco Group. This strategic move will empower GATE to facilitate the transition toward more environmentally friendly, low- and zero-emission commercial vehicles across Europe. Iveco Group will hold the remaining 49%, ensuring a balanced collaboration focused on shared sustainability goals.
Enhancing Financial Stability
This newly established Joint Venture will significantly enhance GATE's financial capabilities, providing the asset financing expertise necessary to drive growth and efficiency in reaching sustainable mobility objectives. The collaboration is expected to accelerate GATE's plans for expansion, particularly initiatives that were initiated in Italy in recent years and subsequently extended to countries like France and Germany.
Customizable Solutions for Customers
GATE is dedicated to offering tailored rental solutions that cater to the specific needs of customers seeking sustainable mobility options. By creating an extensive digital ecosystem and collaborating with premium partners, GATE is committed to continuing to help customers develop greener fleets under the new Joint Venture.
Voices of Leadership
Lara Yocarini, the Chief Executive Officer of DLL, expressed her enthusiasm for the collaboration, stating, "One of DLL’s goals is to be a transition partner for a better world. Our strategy focuses on collaborating with partners and customers to facilitate their decarbonization efforts through financing more sustainable assets. Partnering with Iveco Group aligns perfectly with our vision to make a positive impact on the environment and aid the transition to greener alternatives."
Simone Olivati, President of Financial Services at Iveco Group, echoed this sentiment, highlighting the innovation shared by both organizations: "This collaboration represents a new chapter for GATE, and we believe that DLL embodies the spirit of innovation required to tackle energy transition challenges effectively. Our joint efforts will soon yield profound benefits for our customers and the broader landscape of sustainable mobility."
About DLL
DLL is a reputable global asset finance company specializing in equipment and technology with a managed portfolio exceeding EUR 47 billion. Established in 1969 and headquartered in Eindhoven, Netherlands, DLL offers financial solutions across various sectors, including Agriculture, Construction, Energy Transition, Food, Healthcare, Industrial, Technology, Transportation, and Workplace. By partnering with equipment manufacturers and distributors, DLL creates easier access to essential resources, while promoting sustainable practices in all operations.
About Iveco Group
Iveco Group N.V. (EXM: IVG) is recognized as a home to seven significant brands that drive forward sustainable business practices. As a leader in commercial vehicles, Iveco focuses on designing and manufacturing trucks, buses, and related services, emphasizing innovation in powertrain technologies.
Frequently Asked Questions
What is the purpose of the Joint Venture between DLL and Iveco Group?
The Joint Venture aims to accelerate access to low- to zero-emission commercial vehicles, facilitating the energy transition in Europe.
What percentage of GATE will DLL own after the Joint Venture?
DLL will hold a 51% stake in GATE, while Iveco Group will maintain a 49% interest.
How will GATE support its customers?
GATE will offer customized rental solutions and a digital ecosystem to help customers develop more sustainable vehicle fleets.
What is DLL's commitment towards sustainability?
DLL is deeply committed to sustainability and aims to support the decarbonization efforts of its partners and customers.
What industries does DLL provide financial solutions to?
DLL provides financial solutions to various sectors including Agriculture, Construction, Energy, Food, Healthcare, and Transportation.
