CSI Acquires Foreign Leasing Assets From Key EF
Published October 19, 2012
Categories: Mergers & Acquisitions
CSI Leasing said it has expanded its operations in Asia by acquiring two leasing companies from Key Equipment Finance in Hong Kong and Australia as well as all leasing assets in Singapore, Malaysia and New Zealand.
These acquisitions complement CSI’s existing operations in Malaysia, Singapore and Hong Kong and will allow for expansion of its leasing services to Australia and New Zealand. The companies will now operate as CSI Leasing (Singapore) Pte. Ltd., CSI Leasing Malaysia Sdn. Bhd, CSI Leasing Australia Pty Ltd. and CSI Leasing (HK) Ltd. Some KEF employees will join CSI from Australia, Malaysia and Hong Kong. CSI now leases in 38 countries worldwide.
“This further broadens our ability to deliver global one-stop shopping solutions to our multinational clients and vendor relationships. Additionally, we will provide continuity to KEF’s base of excellent end-user direct accounts as well as vendor accounts in this region,” said Arnaldo Rodriguez, president – international division of CSI Leasing.
“Asia is the fastest growing market for CSI Leasing and we are very excited about expanding our flexible and custom leasing services to this region,” said Tom Brown, senior vice president and regional director of Asia Pacific, based in Singapore.