DLL Group

DLL

Company type	Fully owned subsidiary
Industry	Financial services
Founded	1969
Headquarters	Eindhoven
Key people	Carlo van Kemenade, Chairman of the Board Mike Janse (COO) Marc Dierckx (CFO) Yke Hoefsmit (CRO) Neal Garnett (CCO)
Products	Leasing Vendor finance Commercial finance Fleet solutions^[buzzword]
Number of employees	>5,000 (2020)
Website	www.dllgroup.com

De Lage Landen International B.V. (DLL) is a global vendor finance company with almost EUR 40 billion in assets. Founded in 1969 and headquartered in Eindhoven, The Netherlands, it provides asset-based financial solutions^[buzzword] in the Agriculture, Food, Healthcare, Clean technology, Construction, Transportation, Industrial Equipment, Office Equipment and Technology industries.

DLL is a wholly owned subsidiary of Rabobank Group.

DLL is a credit institution under the Capital Requirements Regulation (CRR) and is a 100% subsidiary of the Coöperatieve Rabobank U.A. (Rabobank). DLL operates through local legal entities, which may conduct business using local licenses and under supervision of local regulators (e.g., DLL Finans AB in Sweden and Banco De Lage Landen Brasil S.A. in Brasil). For (part of) the business in Germany, Italy, Spain and Portugal, business is executed in branches of DLL where the passporting rights of DLL are leveraged. DLL holds 100% of the shares of its subsidiaries, except for “ joint ventures,” where DLL still controls the entities by having a majority in voting rights and economic interest.^[1]

In 2013, DLL was ranked in the top five of European Leasing Companies and, in 2014, ranked first in the Top 25 Vendor Finance companies in the U.S.^[2] Carlo van Kemenade is the Chief Executive Officer.^[3]

History

DLL was founded in 1969 as De Lage Landen by Rabobank and Interpolis as a credit company.

For 2014 DLL reported a 10% growth of its portfolio to reach 34.5 billion Euro (42 billion USD) and net profit of 454 million Euro (602 million USD). This is a 13% increase compared to 2013.^[4][5] In 2014, the company rebranded as DLL, along with a new logo.

Headquarters in Eindhoven, the Netherlands

EMEA (Europe, the Middle East and Africa)

• Started in 1969;
• Operating in 20 countries (Austria, Belgium, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, and the United Kingdom);
• 46.2% of DLL’s leasing portfolio is generated in EMEA (2020);

American headquarters in Wayne, U.S.A.

Americas

• Started in this region in 1998;
• Established in 8 countries (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru and the United States of America);
• 45.6% of DLL’s leasing portfolio is generated in the Americas (2020);

Asia Pacific

• Started in this region in 2002;
• Established in 6 countries (Australia, China (including Hong Kong), India, Singapore, South Korea and New Zealand);
• 8.2% of DLL’s leasing portfolio is generated in Asia Pacific (2020);

Key moments in the company’s history

1969	De Lage Landen is founded by Rabobank and Interpolis
1982	Introduction of operational leasing which became the basis for vendor finance
1982	Introduction of car leasing
1987	Expansion into Europe
1989	Introduction of the company color process blue
1997	Updated logo: De Lage Landen, partners in finance
1998	Expansion into North America
1999	Acquisition of Tokai Financial Services, a company that focuses on small-equipment financing[6]
2002	Expansion into South America and Australia
2004	Expansion into Asia
2005	Acquisition of Telia Finans, market leader Scandinavia in leasing IT and Office Equipment[7]
2006	Acquisition of Athlon Car Lease, an international car leasing company[8][9]
2006	Expansion into Central and Eastern Europe
2007	Launch of Freo online consumer finance in the Netherlands[10]
2011	Started Operations in India
2014	Renewed brand identity: DLL, financial solutions^[buzzword] partner
2016	Sale of mobility entity, Athlon, to Daimler Financial Services
2017	Transfer of Dutch Financial Solutions business line to Rabobank

References

1. https://www.dllgroup.com/en/-/media/Project/Dll/Global/Documents/Annual-Reports/2021-DLL-Pillar-3-Report.pdf
2. "Ranking of Top European Leasing Companies" (PDF). Leaseurope. Leaseurope. Retrieved 16 June 2015.
3. "Carlo van Kemenade - Chief Executive Officer (CEO) and Chairman of the Executive Board". ED.nl. Eindhovens Dagblad. Retrieved 17 June 2015.
4. "DLL reports strong profits for 2014". DLL Group. DLL Group. Retrieved 16 June 2015.
5. "De Lage Landen Eindhoven boekt meer winst". ED.nl. Eindhovens Dagblad. Retrieved 17 June 2015.
6. "De Lage Landen to Buy Tokai's Leasing Arm". The Wall Street Journal. Dow Jones & Company, Inc. Retrieved 16 June 2015.
7. "TeliaSonera sells Telia Finans to De Lage Landen International B.V." GlobeNewswire. GlobeNewswire, Inc. Retrieved 16 June 2015.
8. "Athlon Car Lease maakt deel uit van De Lage Landen International B.V." Athlon Car Lease. Athlon Car Lease. Retrieved 23 June 2015.
9. "De Lage Landen wil Athlon overnemen". Trouw. De Persgroep Nederland. Retrieved 23 June 2015.
10. "Rabobank in online krediet". Trouw. De Persgroep Nederland. Retrieved 23 June 2015.