Hyster-Yale Group, a wholly-owned operating subsidiary of Hyster-Yale Materials Handling, expanded its partnership with DLL into Canada to support its independent dealer network with financial services solutions. DLL and Hyster-Yale Group branded the Canadian partnership Hyster-Yale Financial Services Canada (HYFS-CN).
“DLL is a global leader in asset financing for the materials handling sector, and we are truly excited to announce a newly established Canadian partnership with another global industry leader, Hyster-Yale Materials Handling, Inc.,” Mike Kinka, global head of the construction, transportation and industrial business unit at DLL, said. “Our successful HYG partnership in Europe, combined with our thorough understanding of the North American materials handling market and experience in building best-in-class partnerships, shaped HYG’s decision to expand into Canada. We are looking forward to this next part of our journey together.”
“DLL has proven to be a valuable financial services partner for HYG and our independent dealer network across Europe and we are optimistic that their well-established platform will provide extraordinary support for our dealers and customers operating across Canada. DLL’s focus on construction, transportation and industrial industry segments aligns well with the diverse product offerings represented by our independent dealer network. HYG looks forward to expanding our relationship with a proven global financial services leader,” Bob Sattler, vice president of Hyster-Yale Group Financial Services.
Hyster-Yale Financial Services Canada will offer wholesale inventory financing for dealer partners and retail end-user financing for dealers and major account customers. The DLL Canadian team will provide local support for Hyster-Yale Group dealers operating in Canada.
