Siemens is to acquire the Russian commercial finance company DeltaLeasing

16.12.2010 + + + Siemens is to acquire the Russian commercial finance company DeltaLeasing from The U.S. Russia Investment Fund, managed by Delta Private Equity Partners. The deal represents a significant step in the international growth strategy of Siemens’ Financial Services (SFS) unit, positioning SFS as a substantial player in the Russian asset financing market. The transaction is subject to Russian regulatory approval and expected to close in the first quarter of the calendar year 2011. “By adding DeltaLeasing, we are further expanding our network as an international service provider and are systematically complementing our equipment finance business in one of the key emerging markets,” said Roland Chalons-Browne, CEO of SFS. “We can now robustly grow DeltaLeasing's existing core business while helping the Siemens Sectors even better to win new customers and to expand existing customer relationships”.

DeltaLeasing ranks as one of Russia’s fastest-growing leasing companies, with a pan-Russian platform of 15 full service offices and 285 employees. From headquarters in Vladivostok, the company is unique in its regional market presence: approximately 85% of its portfolio is invested outside of Moscow and St Petersburg. This year the company anticipates booking over $200 million in new leases to end the year.

“DeltaLeasing’s management team has done an excellent job in developing the company’s quality portfolio, and creating a dynamic organisation, with an efficient and scalable platform,” commented Patricia M. Cloherty, Chairman and CEO of Delta Private Equity Partners. “Its sale to a world class institution such as Siemens with its growth ambitions, represents the accomplishment of our long-term goals and secures an excellent future for the growth of the company”.

Russia, China, India and Brazil are the world’s growth economies and therefore key markets for Siemens. The group expects 50 percent of global growth in next five years will take place in these countries. As part of its strategy to support Siemens and enhance the business’s customer value proposition through financing, SFS is continuously working with Siemens regional companies to develop financing options for its regional customers.

The Siemens division Financial Services (SFS) is a global provider of financial solutions in the business-to-business area. With over 2,000 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, SFS supports Siemens as well as non-affiliated companies, focusing on the three sectors of energy, industry and healthcare. SFS finances infrastructure, equipment and working capital and act as a competent manager of financial risks within Siemens. For more information see: www.siemens.com/finance

Delta Private Equity Partners (DPEP) is a private equity manager dedicated to developing and funding fast growing companies in Russia that possess the potential to become market leaders. It has invested over $450 million in 55 Russian companies through The U.S. Russia Investment Fund established in 1995 and Delta Russia Fund, a successor private fund formed in 2004. More information is available on www.dpep.com. 

For additional information, please contact Ekaterina Stolkin, Delta Private Equity. Phone: +7 (985) 999-1556; estolkin@dpep.com.

Mr. Hartmut Hübner
Siemens Financial Services GmbH
Otto-Hahn-Ring 6
81739 Munich
Germany
Tel: +49 (89) 636-34183
hartmut.huebner@siemens.com

Financial Services
Communications
Press Contact, Strategic Development, Communications
mediarelations.sfs@siemens.com
RSS Newsfeed