Press

 

An overview of Hiltermann Lease Group press releases:

 

04-06-2018 Hiltermann Lease: ‘Pleased to meet you, again’
21-08-2017: Hiltermann Lease Group experiences major growth in first half of 2017
20-04-2017: Extension of financing Hiltermann Lease Group for doubling fleet


 04-06-2018 Hiltermann Lease: ‘Pleased to meet you, again’

As of 4 June the previously announced merger between Auto Lease Company and Strix Lease Service will be completed with the launch of a new name: Hiltermann Lease. Both companies have been operating under the flag of the Hiltermann Lease Group holding since 2014, including the equipment branch The Lease Factory. The latter will remain an independent entity, but will also operate under the name Hiltermann Lease for the outside world.

An important reason for merging the subsidiaries is the increased demand for a mixed lease portfolio. Traditionally, Strix Lease Service has been focusing on operational leases, while Auto Lease Company takes a strong position in the (indirect) sale of financial leases. The Lease Factory completes this with equipment lease products.
“Our strength is that we can offer the right solution to each lease question. Our existing customers know and value this, but this was less clear for the outside world. With one new strong name we expect to be able to operate in the market more powerfully”, explains managing director Michel Akerboom.

Mobility and fixed assets for entrepreneurial Netherlands
By also letting The Lease Factory operate under the new name, Hiltermann Lease will profile itself even stronger as the bank and brand-independent lease and financing company for Dutch SMEs. “This is also the reason for our new slogan Mobility and fixed assets for entrepreneurial Netherlands. We want to be able to explicitly anticipate any financing question, regardless of the subject”, says Akerboom. “We lead the way in offering lease forms on equipment, where the service people are used to getting for a lease car is also applied. This is one of the ways in which we can offer our customers a comprehensive solution.”
Hiltermann Lease Group currently manages more than 26,000 contracts and aims to increase this to 35,000 by 2020. “This merger is necessary to also fulfil this objective. We began with the integration of the back office earlier. Now that we will also be operating commercially as one business, we will get an organisation that is more efficient, decisive and recognisable. Ready for the future”, according to Akerboom.

Recognisable name, recognisable service
With the choice of Hiltermann Lease, a well-known name is returning in the lease world. Boudewijn Hiltermann, founder and chairman of the Supervisory Board, was already successful with Hiltermann Lease Service in the late 20th century. “Continuing with one of the existing names wasn’t an option for us as we wanted to show that we excel in both specialities. The name recognition also counts double, as we operate on the same service level in 2018 as Hiltermann Lease Service at the time”, according to Akerboom.

 

21-08-2017: Hiltermann Lease Group experiences major growth in first half of 2017

Hoofddorp, 21 August 2017 – Hiltermann Lease Group, the holding of Strix Lease Service, Auto Lease Company and The Lease Factory, is presenting excellent biannual figures. The top 10 player on the Dutch lease market underwent major growth in the first half of 2017. The number of lease contracts increased from 16,700 on 30 June 2016 to 21,500 on June 2017. The lease company also made considerably more profit these past six months.

Not only the number of Hiltermann Lease Group lease contracts increased, the turnover also took a giant leap ahead – from €44 million in the first six months of 2016 to €55 million in the first six months of 2017. Hiltermann Lease Group is expecting the overall turnover for 2017 to be approximately €120 million. The balance sheet total increased from 235 million to approximately €300 million. The result before tax increased from €4.5 million in the first half of 2016 to €5.5 in the first half of 2017.

Hiltermann Lease Group already experienced major growth this past calendar year. While the market grew by approximately six per cent in 2016, the growth at the lease company was a staggering 35 per cent. “We managed to continue this trend over the past six months. We are expecting the growth to persist in the second half of this year”, says the management of Hiltermann Lease Group.

HLG English
 

Focus on the customer
Hiltermann Lease Group consists of three specialised subsidiaries each with their own knowledge and experience. Strix Lease Service focuses on operational service leases and rental of passenger cars and light vans. Auto Lease Company mainly focuses on financial leases of passenger and company cars for smaller parties and serves the consumer market with Private Leasing. One can turn to the Lease Factory for financing capital equipment. “We consciously accommodate various types of lease forms with different subsidiaries. This enables us to offer target group very specific services, after all, each business has its own speciality. Thanks to a strong focus on customer satisfaction we are capable of growing faster than the market”, the management emphasises.

About Hiltermann Lease Group
Hiltermann Lease Group is a lease company that focuses on SMEs in the Netherlands. It manages a portfolio of more than 21,500 lease contracts, because of which it ranks in the top 10 lease companies in the Netherlands. Hiltermann Lease Group was established in 2004 and is situated in Hoofddorp. The management consists of Norbert Karthaus and Michel Akerboom. Boudewijn Hiltermann and Freddy Hollander are in the Supervisory Board.

 


20-04-2017 Extension of financing Hiltermann Lease Group for doubling fleet

Hoofddorp, 20 April 2017 – Hiltermann Lease Group, the holding covering Strix Lease Service, Auto Lease Company and The Lease Factory, has extended its refinancing to €287.5 million. The bank consortium that previously also had a credit agreement with Hiltermann Lease Group has entered into a new agreement and increased the existing financing of €220 million by €67.5 million. HSBC also joined this consortium.

With the new credit facility, Hiltermann Lease Group wants to further finance the tempestuous growth. While the market grew by approximately six per cent this past year, the growth of the lease company was a staggering 35 per cent. “Our personal approach, the various propositions in operational, financial and equipment lease and our loyal clientele have caused exceptionally strong growth these past few years”, explains the management of Hiltermann Lease Group. The organisation currently manages approximately 20,000 lease contracts. Hiltermann Lease Group has the ambition to increase the number of lease contracts to 32,000 by 2020. With the new credit facility this growth ambition has been safeguarded.

Confidence in the long-range plan
The credit agreement is facilitated by ABN AMRO, ING, NIBC, Rabobank and HSBC. AXECO Corporate Finance and JanssenBroekhuysen solicitors provided the lease company with respectively financial and legal advice. Except for financing €287.5 million, the bank consortium also had a prospect of an option for another €75 million via a so-called accordion feature. “This indicates major trust of the banks. They saw what we have realised these past years and highly value our ambition for the next few years”, the management emphasises.