CHG-MERIDIAN expands into the USA, Canada
and Mexico
IT portfolio manager CHG-MERIDIAN, whose Headquarters are in Weingarten, Germany, has acquired the leasing businesses of El Camino Resources International Inc. in the USA and Canada together with its 50 percent shareholding of El Camino SAPI DE CV in Mexico. Following the acquistion, the CHG group is now represented in a total of 18 countries worldwide.
Weingarten, 12 June 2009
"This step beyond European borders has put CHG-MERIDIAN in a position to offer our customers within the CHG-MERIDIAN group even better international solutions at a national level" CEO Jürgen Mossakowski explained. "The national corporations in the USA and Canada, and our major shareholding in El Camino in Mexico form an important basis for the ongoing development of our business operations in North and Central America" Mossakowski continued.
Head of Sales Dirk Stobbe added: "El Camino's foothold in Mexico will help CHG-MERIDIAN take the jump from Central to Southern America in the short term. In combination with our established presence in Europe and the cooperation agreed last year with ORIX Rentec Corporation in Japan, China, Korea and Singapore the CHG-MERIDIAN group continues to secure its position as a global player. And we will continue our strategy of global market coverage with the aim of fulfilling our international customers' needs" Stobbe concluded.
El Camino also welcomes the takeover. David Lopez, General Director of the Mexican corporation, is excited to have a shareholder that can offer strong financial support with innovative solutions while providing new impetus to operations in Mexico and for the future in Central and Southern America.
The acquisitions will be managed under the CHG group name and integrated into the group.
Just like CHG-MERIDIAN, El Camino Resources International Inc., whose office is in California, was founded in 1979. Its core business comprises financial solutions and services in the field of information technology for medium to large scale businesses. The Mexican corporation has leasing assets of US$ 277m making it the largest independent leasing company in the country. The Mexican's subsidiary's core competency is equipment leasing with a focus on multinational and stock exchange listed corporations.
About CHG-MERIDIAN Group
CHG-MERIDIAN Group is one of the world's leading manufacturer and bank independent providers of financing solutions and services in the field of information and communications technology. The group, which was founded in 1979, offers its customers holistic service in the field of IT infrastructure - from planning and financing, through the procurement process and installation, to pickup and resale of equipment via its own logistics and brokerage center. The independence and know-how of CHG-MERIDIAN's staff guarantees individual, best of class support.
For more information and images please visit www.chg-meridian.com
on the internet.
