ATEL Leasing has completed a lease transaction with Bayer in which it will supply $5 million of business-necessary equipment including those used in laboratory testing.

The leased equipment will be used in Bayer’s consumer health division, At HealthCare, in their research and development efforts.

“Bayer Corporation continues to be one of our most valued customers,” said Dean Cash, CEO ATEL Capital Group president and CEO. “ATEL has the right mix of resources to provide timely capital for corporations such as Bayer and we look forward to working with them again in the future.”