Crédit Agricole Leasing & Factoring acquired Olinn, a European company that specializes in the management of professional equipment, offers a range of financing solutions and has developed expertise in associated services such as fleet management, reconditioning and equipment resale. Crédit Agricole Leasing & Factoring acquired Olinn from Argos Wityu.

Since its creation, Olinn has financed more than €2 billion ($2.32 billion) in equipment, both in the IT and telecommunications sector, as well as in rolling stock equipment. Olinn is a long-term partner of Crédit Agricole Leasing & Factoring, which refinances nearly 20% of the equipment proposed by Olinn to its customers.

By acquiring Olinn, Crédit Agricole Leasing & Factoring will expand its range of offerings with an equipment financing and management solution that covers the entire life cycle of equipment. Crédit Agricole Leasing & Factoring will thus fully internalize the value chain, with a concept of one contact, one contract and one invoice. By offering end-of-life equipment management to its customers, Crédit Agricole Leasing & Factoring is also adopting a resolutely CSR approach.

This transaction is expected to generate a return on investment of more than 10% by 2025, according to Crédit Agricole Leasing & Factoring.

The signature of the contract for the sale of the shares is subject to the approval of regulatory and competition authorities. The closing of the transaction is scheduled for the end of 2021.

“Today we are carrying out an important transaction for Crédit Agricole Leasing & Factoring. It allows us to complete our range of services in order to meet our customers’ new requirements in terms of equipment usage,” Hervé Varillon, CEO of Crédit Agricole Leasing & Factoring, said. “The acquisition of Olinn is part of Crédit Agricole group’s development strategy presented in the 2022 medium-term plan and reinforces Crédit Agricole Leasing & Factoring’s ambition to be one of the European leaders in leasing, factoring and renewable energies. We aim to be a leading player in our markets in France and internationally. ”

“Arnaud Deymier and the Olinn teams have done a remarkable job to accelerate the significant growth of the group by expanding the range of offers and boosting the brand image,” Karel Kroupa, managing partner in France for Argos Wityu, said. “We are convinced that the future under the aegis of Crédit Agricole Leasing & Factoring will allow Olinn to continue its expansion.”