Hitachi Capital Business Finance has secured a new business win after advanced negotiations with Väderstad, one of the leading suppliers of soil cultivation and seed drilling equipment.
The deal will mean stock finance options will now be available to the Väderstad dealer network - consisting of 30 dealers operating from 75 locations throughout the UK and Ireland - on a three-year exclusive contract.
Hitachi Capital Business Finance and Väderstad already enjoy a successful Retail Finance relationship, which stretches back over a decade, however this deal was won against strong competition from Väderstad’s existing stocking provider.
Michael Alsop, Managing Director at Väderstad commented: “Hitachi Capital Business Finance has been a true partner to Väderstad Limited for over 10 years. Throughout that time we have enjoyed a relationship based on mutual respect, understanding and commitment; this has enabled us all to focus entirely on generating more and better business. The Väderstad Finance brand in the UK has become an inherent part of our operation and our culture, and is the envy of our colleagues throughout the rest of the Väderstad Group.
Moving our Dealer Stocking facility to HCBF will bring strategic and administrative benefits, as well as opening up the potential for us to be more creative and pro-active with that side of the business. Testament enough to our confidence in the relationship.”
Gavin Wraith-Carter, Managing Director at Hitachi Capital Business Finance commented: “At Hitachi Capital, we pride ourselves on exceptional levels of service and the ability to meet dealers’ specific requirements. We’re delighted when some of our best relationships with vendors flourish, as is the case with Väderstad. This demonstrates the level of our partnership as businesses, with our strong relationship being built over the last 10 years. Not only is this a sign that our work is market leading and valued, it cements our ambition to become a full service funder for businesses in both the agricultural and manufacturing sectors.
Hitachi Capital Business Finance, a subsidiary of Hitachi Capital (UK) PLC, provides business asset finance to over 25,000 customers across the UK, powering both SMEs and bigger corporations to meet their goals and grow. Working across multiple sectors, the business provides a full range of funding options through brokers, vendors and online direct to SMEs. This includes hire purchase, operating lease, finance lease solutions and block discounting.
Hitachi Capital (UK) PLC is a leading financial services company with over 30 years’ experience providing innovative finance solutions to enable consumers, SMEs, fleet owners, motor dealers and retailers to grow and prosper. Hitachi Capital has over 1,200 employees, nearly £4bn of assets and over 1 million customers across its four business units; Consumer Finance, Vehicle Solutions, Business Finance and Invoice Finance.
Hitachi Capital is a wholly owned subsidiary of Hitachi Capital Corporation, one of Japan’s largest non-bank financial institutions. Hitachi Capital Corporation is part of Hitachi Limited, the global manufacturing and technology firm. Manufacturing continues to be a key part of Hitachi Capital’s DNA, delivering complex products to high levels of customer satisfaction. Its corporate clients include some of the UK’s leading companies such as British Gas, Royal Bank of Scotland, B&Q and John Lewis.
Established in 1992 Väderstad UK is the oldest of the subsidiaries and has become one of the leading suppliers of soil cultivation and seed drilling equipment for the progressive grower.
Based in Grantham, Väderstad distribute throughout the UK and Ireland via a dealer network consisting of 30 dealers operating from 75 locations.
Väderstad farm machinery are built to create the optimum environment allowing for perfect emergence in your field. Whether it’s cultivation, seedbed preparation or seed placement, our vision is to ensure a perfect emergence to maximise yields.
To read more about our company please visit Väderstad today, facts and figures or check out our product pages to get an overview of our company and the products.