New York, United States and Toronto, Canada
CIT Group Inc. (NYSE: CIT), a leading global provider of commercial finance solutions, announced a global financing agreement with Gandinnovations Inc., a market leader in manufacturing commercial super wide format digital printers. Under the terms of the exclusive agreement, CIT Vendor Finance will provide financing to Gandinnovations customers throughout, North America, Latin America, Europe and Asia Pacific.
"We welcome the opportunity to partner with Gandinnovations in providing its customers with financing solutions that will help them grow their business," said Kris Snow, Co-President of CIT Global Vendor Finance. "Gandinnovations operations are directly aligned with our global business capabilities and these synergies will offer both organizations tremendous growth opportunities."
James Gandy, CEO and Chairman of Gandinnovations, said, "We are pleased to announce our relationship with CIT. Their innovative financing capabilities will provide our customers additional resources and allow them to focus on growing their businesses. At the same time, this relationship will allow us to invest in the future of our products and focus on our continued international expansion."
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About CIT Vendor Finance
CIT Vendor Finance is a global leader in financing solutions that drive incremental revenues for manufacturers, distributors and other intermediaries. It provides customized financing solutions to customers in more than 30 countries, supporting a wide variety of industries, including health care, industrial equipment and technology.
About CIT
Founded in 1908, CIT (NYSE: CIT) is a global commercial finance company that provides financial products and advisory services to more than one million customers in over 50 countries across 30 industries. A leader in middle market financing, CIT has more than $80 billion in managed assets and provides financial solutions for more than half of the Fortune 1000. A member of the S&P 500 and Fortune 500, it maintains leading positions in asset-based, cash flow and small business administration lending, equipment leasing, vendor financing and factoring. The CIT brand platform, Capital Redefined, articulates its value proposition of providing its customers with the relationship, intellectual and financial capital to yield infinite possibilities. www.cit.com.
About Gandinnovations
Gandinnovations designs, develops and manufactures wide format digital printers. Founded in 2000 by industry pioneer James Gandy and his brother Hary Gandy, the company offers several models of flatbed and roll-to-roll solvent and UV printers for a wide variety of commercial applications. Gandinnovations is known for its cutting-edge technology, pioneering true 600 dpi on all solvent printer models and true 1200 dpi on all UV printer models. The company is headquartered in Mississauga, Ontario, Canada with sales and service in San Antonio, Texas. Additional offices are located in Mexico City, India, Belgium and Dubai, with service centers worldwide. More information can be found at www.gandinnovations.com
Source: Business Wire (Business Wire India)