GE Capital and Ricoh Americas Corporation Extend Office Imaging Financing
Through 2019 in U.S. and Canada
Over $11 billion in office imaging equipment financed since 2004
IRVING, Texas -- March 17, 2014
GE Capital announced today a five-year extension of its financing agreement
with Ricoh Americas Corporation (RAC) through September 2019 in the U.S. and
Canada. RAC is part of Ricoh, a global technology company specializing in
office imaging (OI) equipment, production print solutions, document management
systems and IT services. GE Capital provides comprehensive leasing for RAC’s
products and services.
"We are pleased to continue our relationship with GE Capital,” said Gary
Crowe, senior vice president and chief financial officer of RAC. “GE Capital
has been a strong partner with Ricoh as we provide services and solutions that
make information work for our customers."
Since 2004, GE Capital has funded more than $11 billion in OI equipment under
its financing agreement with Ricoh. Jim Kelly, senior managing director of GE
Capital’s Vendor Finance business, said the company anticipates funding more
than $4 billion in new originations for Ricoh’s direct sales force through
“We have over 200 dedicated team members focused on helping Ricoh succeed in
this competitive marketplace,” Kelly said. “Our highly integrated approach
allows us to stay in sync with Ricoh while providing the end-user with
Ricoh is a global technology company specializing in office imaging equipment,
production print solutions, document management systems and IT services.
Headquartered in Tokyo, Ricoh Group operates in about 200 countries and
regions. In the financial year ending March 2013, Ricoh Group had worldwide
sales of 1,924 billion yen (approximately $20 billion). For further
information, please visit http://www.ricoh.com/about.
About GE Capital, Equipment Finance
With more than $36 billion in lease and loan transactions since 2007, GE
Capital’s Equipment Finance business maintains relationships with
approximately 200,000 business customers through its network of manufacturers,
dealers and distributors across 10+ industries, and evaluates more than 1,000
financing applications daily.
GE Capital’s Office Imaging business is a leading provider of innovative
financing solutions including leases and loans to manufacturers, dealers and
end-user businesses to help drive cost efficiencies and top-line growth. Its
customizable financing solutions and full-service support help dealers and
customers take advantage of their new business opportunities and think beyond
the copier. In 2013, GE Capital won the Business Technology Association’s
(BTA) 2013 Channel's Choice award in the new Third-Party Leasing category.
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit www.gecapital.com
or follow company news via Twitter (@GECapital).
GE (NYSE:GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.
GE Capital, Americas
Lisa Tibbitts, 203-956-4582
Ricoh Americas Corporation
John Greco, 973-882-2023
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