DLL Group
 | |
| Company type | Fully owned subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1969 |
| Headquarters | Eindhoven |
Key people | Bill Stephenson, Chairman of the Board Carlo van Kemenade (COO) Marc Dierckx (CFO) Ab Gillhaus (CRO) Tom Meredith (CCO) |
| Products | Leasing Vendor finance Commercial finance Fleet solutions |
 €454 million (2014) | |
Number of employees | 5,000 (2016) |
| Website | www.dllgroup.com |
DLL is a global vendor finance company with more than EUR 30 billion in assets. Founded in 1969 and headquartered in Eindhoven, The Netherlands, it provides asset-based financial solutions in the Agriculture, Food, Healthcare, Clean technology, Construction, Transportation, Industrial and Office technology industries.
DLL is a wholly owned subsidiary of Rabobank Group.
In 2013, DLL is ranked in the top five of European Leasing Companies and, in 2014, ranked first in the Top 25 Vendor Finance companies in the U.S.[1] Bill Stephenson is the Chief Executive Officer.[2][3][4]
History
DLL was founded in 1969 as De Lage Landen by Rabobank and Interpolis as a credit company.
For 2014 DLL reported a 10% growth of its portfolio to reach 34.5 billion Euro (42 billion USD) and net profit of 454 million Euro (602 million USD). This is a 13% increase compared to 2013.[5][6] In 2014, the company rebranded as DLL, along with a new logo and the tagline "see what counts".
EMEA (Europe, the Middle East and Africa)
- Started in 1969;
- Operating in 22 countries (Austria, Belgium, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Russia, South Africa, Spain, Sweden, Switzerland, Turkey, and the United Kingdom);
- Most recent: Turkey, 2013;
- 53% of DLL’s leasing portfolio is generated in EMEA (2014);
- Including car leasing in 10 countries (Netherlands, Belgium, Luxembourg, France, Germany, Italy, Spain, Portugal, Poland and Sweden);
Americas
- Started in this region in 1998;
- Established in 6 countries (Argentina, Brazil, Canada, Chile, Mexico and the United States of America);
- Most recent: Chile, 2012;
- 41% of DLL’s leasing portfolio is generated in the Americas (2014);
Asia Pacific
- Started in this region in 2002;
- Started in India 2005 DLL India with Escorts Credit
- Established in 6 countries (Australia, China (including Hong Kong), India, Singapore, South Korea and New Zealand);
- 7% of DLL’s leasing portfolio is generated in Asia Pacific (2014);
Key moments in the company’s history
| 1969 | De Lage Landen is founded by Rabobank and Interpolis |
| 1982 | Introduction of operational leasing which became the basis for vendor finance |
| 1982 | Introduction of car leasing |
| 1987 | Expansion into Europe |
| 1989 | Introduction of the company color process blue |
| 1997 | Updated logo: De Lage Landen, partners in finance |
| 1998 | Expansion into North America |
| 1999 | Acquisition of Tokai Financial Services, a company that focuses on small-equipment financing[7] |
| 2002 | Expansion into South America and Australia |
| 2004 | Expansion into Asia |
| 2005 | Acquisition of Telia Finans, market leader Scandinavia in leasing IT and Office Equipment[8] |
| 2006 | Acquisition of Athlon Car Lease, an international car leasing company[9][10] |
| 2006 | Expansion into Central and Eastern Europe |
| 2007 | Launch of Freo online consumer finance in the Netherlands[11] |
| 2011 | Started Operations in India |
| 2014 | Renewed brand identity: DLL, financial solutions partner |
| 2016 | Sale of mobility entity, Athlon, to Daimler Financial Services |
| 2017 | Transfer of Dutch Financial Solutions business line to Rabobank |
References
- ^ "Ranking of Top European Leasing Companies" (PDF). Leaseurope. Leaseurope. Retrieved 16 June 2015.
- ^ "Van Zadelhoff commercieel topman DLL Eindhoven". ED.nl. Eindhovens Dagblad. Retrieved 17 June 2015.
- ^ Lalkens, Pieter. "Goedkeuring voor nieuwe bestuurder De Lage Landen". FD.nl. FD Mediagroup. Retrieved 19 June 2015.
- ^ "Raad van Bestuur De Lage Landen geformaliseerd". Banken.nl. Bizzable Media. Retrieved 19 June 2015.
- ^ "DLL reports strong profits for 2014". DLL Group. DLL Group. Retrieved 16 June 2015.
- ^ "De Lage Landen Eindhoven boekt meer winst". ED.nl. Eindhovens Dagblad. Retrieved 17 June 2015.
- ^ "De Lage Landen to Buy Tokai's Leasing Arm". The Wall Street Journal. Dow Jones & Company, Inc. Retrieved 16 June 2015.
- ^ "TeliaSonera sells Telia Finans to De Lage Landen International B.V." GlobeNewswire. GlobeNewswire, Inc. Retrieved 16 June 2015.
- ^ "Athlon Car Lease maakt deel uit van De Lage Landen International B.V." Athlon Car Lease. Athlon Car Lease. Retrieved 23 June 2015.
- ^ "De Lage Landen wil Athlon overnemen". Trouw. De Persgroep Nederland. Retrieved 23 June 2015.
- ^ "Rabobank in online krediet". Trouw. De Persgroep Nederland. Retrieved 23 June 2015.
External links
Wikimedia Commons has media related to DLL Group.
- Official website (United States)