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SUPERIOR, CO – August 6, 2008 – Key Equipment Finance, one of the largest bank-held equipment leasing companies in the United States and an affiliate of KeyCorp (NYSE: KEY) today announced it has been selected as the leasing partner of Radio Holland Group. Headquartered in Rotterdam and part of Imtech N.V., Radio Holland Group specializes in the supply, installation, integration and service of maritime electronics and also provides satellite airtime.
The relationship with Key Equipment Finance enables Radio Holland Group to offer total financing solutions to customers interested in its electronics equipment, installation and service. This complete financing program will allow Radio Holland Group to offer its customers in the United States, Europe and Asia Pacific one-stop shopping and financing, equipment upgrade flexibility and better asset management.
“By offering our customers the full spectrum of equipment and financing options, we know we are continuing to provide them with the complete solution they’ve come to expect,” said Rob Verkuil, manager of RH Connect at Radio Holland Group. “Key Equipment Finance is known for being a global leader in the equipment finance business, and we look forward to working with Key to take our customer support to the next level.”
“Radio Holland Group is a worldwide leader in the growing market of maritime electronics, and we are excited to have the opportunity to support them and their clients,” said Adam D. Warner, president of Key Equipment Finance. “Radio Holland Group is constantly focused on electronic and functional innovation, so I anticipate this new financing program will help them generate even greater satisfaction with its many and varied customers.”
About Radio Holland Group
Radio Holland Group is a specialized company in the supply, installation, integration and service of maritime electronics and is also known as satellite airtime provider. The company employs more than 900 people worldwide in more than 60 own branches, strategically located along all major shipping routes. Radio Holland is part of Imtech N.V., one of the world's largest service providers in the field of electrical engineering, ICT and mechanical engineering.
The Radio Holland Group represents a wide range of internationally renowned manufacturers and continuously focuses on electronic & functional innovations in Communication, Navigation and Automation equipment. Radio Holland is known for its 24-hour service on the spot. Many ship owners around the world use the services of Radio Holland to maintain and repair the equipment on board. Radio Holland has many customers in the international shipping market: deep sea ship owners, coastal & inland shipping, dredging, government & navy, mega yacht shipyards, fishery, etc. Radio Holland enjoys a high reputation worldwide as an all round maritime electronics specialist. Unique is its worldwide ISO: 9001 certification, granted by Lloyds, emphasizing RH’s focus on delivering quality at all times. Please visit the web: www.radiohollandgroup.com.
About Key Equipment Finance
Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes. They focus on four distinct markets:
- businesses of all sizes in the U.S. and Canada (from small business to large corporate);
- equipment manufacturers, distributors and value-added resellers worldwide;
- federal, provincial, state and local governments as well as other public sector organizations; and
- lease advisory services for manufacturers’ captive leasing and finance companies.
Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $14.9 billion equipment portfolio with annual originations of approximately $6.3 billion. The company has major management and operations bases in Chicago, Illinois; Albany, New York; Toronto, Ontario; London, England; and Sydney, Australia. The company, which operates in 26 countries and employs 1,000 people worldwide, has been in the equipment financing business for more than 30 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at www.kefonline.com and www.kefonline.eu.
About KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $100 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit www.key.com.
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