CBF puts developing fast, flexible and cost effective solutions for customers at the heart of its operations
Eindhoven, November 25 2015 - DLL, the global provider of asset based financial solutions celebrates with its partner, the European trailer manufacturer, Schmitz Cargobull AG, the 15th year anniversary of their strong and successful joint venture, Schmitz Cargobull Finance (CBF).
Driving sales of 100,000 Trailers
Backed by DLL’s financial strength, industry expertise and global reach in over 35 countries, the CBF partnership has helped Schmitz Cargobull expand across 19 European countries and has financed more than 100,000 trailers at a combined value of €3 billion.
“Research shows that joint ventures often don’t last more than seven years,” says René Roelfsema, Managing Director, CBF, “but our JV is even stronger than ever after 15 years. This is because we add significant customer value by joining forces. It’s also based on the building of trust.”
DLL has been supporting Schmitz Cargobull since the 1990s when it was then focused on its home market in Germany. To support its expansionary plans with strong finance support, the CBF partnership was sealed in 2000. In 2007, seeing the partnership flourish, they agreed to extend the agreement, just as world markets suffered a serious recession, following the credit crunch.
The experience of staying strong together, although tough market conditions, helped build the trust further. “With our market tumbling down significantly,” recalls Schmitz Cargobull CEO Ulli Schümer, “DLL didn’t hesitate in sticking by us. It’s at such times that you realize who your friends really are.”