Siemens Finances Crawler Crane with Utah’s Mountain Crane Service

  Siemens Finances Crawler Crane with Utah’s Mountain Crane Service

  *Siemens Financial Services completes $4.35 million in financing to support
    acquisition of a Liebherr LR 1600-2 crawler crane by Mountain Crane
  *The crane will support Mountain Crane Service’s contracts with Siemens
    Energy to service and maintain wind turbines across the U.S.

Business Wire

MALVERN, Pa. -- August 5, 2013

The Commercial Finance Americas team of Siemens Financial Services, Inc. (SFS)
has recently completed a $4.35 million financing package with Mountain Crane
Service to support its acquisition of a Liebherr LR 1600-2 crawler crane.
Family-owned Mountain Crane Service is Utah’s largest crane company, with a
fleet of over 75 pieces of equipment.

“SFS consistently acts as our go-to financing expert, providing guidance when
we need to acquire new capital equipment,” Paul Belcher, co-owner of Mountain
Crane Service said. “Their support has been an invaluable resource for our

“This was a significant transaction for Siemens, establishing us as one of the
primary vendors for the financing of Mountain Crane Service’s equipment,” said
Gary Amos, Head of the Commercial Finance Americas team at SFS. “By
demonstrating SFS’ ability to successfully close the transaction, we have been
able to further our relationship with both Mountain Crane Service and

Mountain Crane Service will use the crane in support of newly awarded
contracts with Siemens Energy, Inc.’s wind power service business. Under the
contracts, the company will provide service and maintenance support for
Siemens wind turbines in several states that are either under warranty or
long-term service programs with Siemens.

“This transaction represents a solid collaborative effort between Siemens
Energy, SFS and Liebherr to benefit our customer,” said Mr. Amos. “Our team
worked directly with Siemens Energy to understand and evaluate the deal from a
risk perspective. The result was a win-win for all parties involved.”

For further information on Finance solutions from Siemens in the U.S., please

Siemens Financial Services, Inc. is the U.S. arm of the global Financial
Services unit of Siemens (SFS), which is an international provider of
business-to-business financial solutions. SFS helps facilitate investments,
providing commercial finance, project and structured finance with specific
asset expertise in the energy, healthcare, industry, and infrastructure &
cities markets. Employing more than 2,900 employees worldwide, SFS supports
Siemens as well as other companies with their capital needs and acts as an
expert manager of financial risks within the Siemens Company. By leveraging
our financing expertise and our industrial know-how we create value for our
customers and help them strengthen their competitiveness. Beyond that,
financing is key in creating trust for technological solutions – and acts as a
key enabler when it comes to the market launch. As of September 30, 2012, the
total assets amounted to €17.4 billion. For more information, visit:

SFS' Commercial Finance unit focuses on providing tailored financing to
organizations in the public and private sector, working both direct with
customers or with manufacturers and their sales channels. We have operations
in 16 countries covering Europe, America and the key emerging markets such as
India, China and Russia. Our products and services comprise a variety of
tailored equipment financing options allowing an effective, affordable means
for customers to invest in equipment and new technology.


Siemens Financial Services, Inc.
Media Relations
Jillian Lukach, 732-476-3492
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