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The company's business purpose is to buy, sell and lease industrial assets, in particular data processing systems and equipment, and to engage in all related businesses. The consolidated group includes 43 subsidiaries, which, together with the parent company, prepares its financial statements per HGB (German Commercial Code) and IFRS. [18]
The division finances infrastructure, equipment as well as working capital investments, and acts as a manager of financial risks within Siemens AG. The network of financing companies coordinated by Siemens Financial Services GmbH in Munich comprises about 3,150 employees worldwide. [2] [failed verification]
The two other predecessor companies of Deutsche Leasing were Maschinen-Miete GmbH and Mietdienst GmbH, which were founded in 1962 and 1963 respectively. [1] [5] In 1971, these three companies merged to form Deutsche Leasing AG. Until 1991 the founder of Maschinen-Miete GmbH, Albrecht Dietz, was Chairman of the Board of the new company. [6]
Variety of equipment financing options, including equipment purchases, leases or lines of credit Tax advice for equipment deductions Express applications for loans or leases under $250,000
Bankrate insight. Equipment leasing is a common alternative to equipment financing. It involves renting the equipment from the leasing company for a specific term. Leasing can be beneficial ...
Hesston 5670 round baler, in 2010. AGCO was established on June 20, 1990, when Robert J. Ratliff, John M. Shumejda, Edward R. Swingle, and James M. Seaver, who were executives at Deutz-Allis, bought out Deutz-Allis North American operations from the parent corporation Klöckner-Humboldt-Deutz AG (KHD), a German company which owned the Deutz-Fahr brand of agriculture equipment.
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