Dell Signs Agreement to Acquire Dell Financial Services Canada Ltd. & CIT Vendor Finance’s Dell-Related Assets, Sales & Ser...
22 4월 2011 - 6:30AM
Business Wire
Dell today announced its intent to acquire Dell Financial
Services (DFS) Canada Ltd., a CIT Vendor Finance and Dell
partnership. In a separate transaction, Dell will acquire CIT
Vendor Finance’s Dell-related assets and sales and servicing
functions in Europe. The acquisition of these assets will enable
global expansion of Dell’s direct finance model. CIT Vendor Finance
is currently a Dell financing partner operating on behalf of Dell
Financial Services in more than 25 countries and will continue to
support Dell for the transition period in Europe. CIT Vendor
Finance will also continue to provide financing programs with Dell
in select countries around the world beyond these transactions,
including agreements in Latin America.
CIT Vendor Finance is a leader in vendor finance and leasing.
Operating as Dell Financial Services, CIT Vendor Finance has
provided vendor finance services to Dell customers for 14 years.
CIT Vendor Finance’s global reach has allowed Dell Financial
Services to directly integrate its services with the needs and
demands of Dell customers around the world.
This acquisition is an important enabler of Dell’s increasing
focus on providing customers with open and affordable technology
solutions. Dell will have full ownership of the customer lifecycle
and will capitalize on the scale of its U.S. operations to provide
seamless financing services and competitive incentives. Customers
will have greater direct access to financing opportunities from
Dell in Canada and Europe, as well as further integration of
financing terms and conditions.
Quotes
“Dell Financial Services has grown by contributing to the
success of its customers directly and through our valued
relationship with CIT Vendor Finance, which remains strong. We're
able to offer customers end-to-end technology solutions and full
financing capabilities to support them,” said Don Berman,
president, Dell Financial Services. “Dell has a long-term strategic
vision to expand our global captive financing footprint over time
into regions where it makes sense. These acquisitions should help
us achieve this vision.”
Ron Arrington, global president, CIT Vendor Finance, said, “We
are pleased to support Dell as it grows its captive finance
strategy to Europe and Canada. We are proud that Dell has
recognized the value that CIT Vendor Finance creates for its
partners by taking this program, built over more than a decade, to
the next level. We look forward to our continued strong
relationship with Dell in other countries around the world, as well
as to the growth opportunities for CIT Vendor Finance
globally.”
Closing and Initial Integration
The transactions are subject to customary closing conditions.
The Canadian transaction is expected to close mid-2011. The
European transaction is subject to additional regulatory
requirements and is planned to close in 2012. Financial terms of
the transaction were not disclosed.
Additional Information: www.dell.com/cit
About Dell
Dell (NASDAQ: DELL) listens to customers and delivers worldwide
innovative technology, business solutions and services they trust
and value. For more information, visit www.dell.com.
Dell is a trademark of Dell Inc. Dell disclaims any proprietary
interest in the marks and names of others.
Special Note:
Statements in this press release that relate to future results
and events are forward-looking statements based on Dell's current
expectations. Actual results and events in future periods may
differ materially from those expressed or implied by these
forward-looking statements because of a number of risks,
uncertainties and other factors. Risks, uncertainties and
assumptions include the possibility that projected benefits may not
materialize as expected; that the transactions may not be timely
completed, if at all; that Dell is unable to successfully implement
the plans, strategies and objectives of management for future
operations, including the execution of integration strategies; and
other risks that are described in Dell’s Securities and Exchange
Commission reports. Dell undertakes no obligation to update these
forward-looking statements.
Dell (NASDAQ:DELL)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Dell (NASDAQ:DELL)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024