CHG-MERIDIAN Expands Coverage in Asia-Pacific Region Through Cooperation with SMFL Group

The CHG-MERIDIAN Group is expanding its geographical coverage in the Asia- Pacific region as part of its international growth strategy. Following the successful acquisition of Indian asset lifecycle manager OPC Asset Solutions and a new subsidiary in Singapore, CHG-MERIDIAN entered into a cooperation with Japan’s SMFL Group (SMFL), meaning it can now offer its technology2use solutions in Japan.

The cooperation with SMFL is another element of CHG-MERIDIAN’s corporate strategy wand focus on international growth. After entering the markets in India and Singapore last year, CHG-MERIDIAN is forging ahead with its strategic expansion in the Asia-Pacific region.

SMFL is a leasing company that was founded in 1963 and is part of the Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Corporation Group. SMFL has 32 offices in 27 cities across Japan and employs about 3,800 people in 10 further countries besides Japan. Its business activities include leasing, rental, financing, factoring and related services.

“The cooperation with one of Japan’s largest leasing companies will enable us to further extend our worldwide reach and to improve our positioning in the Asia-Pacific region. It strengthens our vision to become the leading global technology2use company,” Mathias Wagner, CEO of CHG-MERIDIAN, said. “SMFL and us consider ourselves partners of choice, in that we collaborate where a customer’s needs require it but otherwise operate independently of one another. This enables us to make the most of our respective expertise while giving our customers the option to further scale their technology projects internationally.”

Through its technology2use offerings, CHG-MERIDIAN develops, finances and manages technology usage models based on the principles of the circular economy.

“With our business model, we offer international companies and global players an attractive solution for their ongoing requirements and investments in digital transformation through global usage concepts, offered from a single source,” Wagner said.

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