Austrolease, based in the city of Bolzano in southern Tyrol, and Austria Finanza, situated in Treviso, are active in the highly industrialized north eastern part of Italy. Both companies have in the recent past achieved sustained growth on a stand-alone basis, reaching a diversified portfolio of E500 million.
With a combined staff of 52 employees, Austria Finanza and Austrolease are specialized in providing tailor-made solutions in equipment and real estate leasing for a customer base of more than 2,500.
In the future, both companies will be integrated with the existing leasing subsidiary of Fortis in Milan, Fortis Lease Italia. By adding a well diversified portfolio of E500 million, or approximately 8% of its existing book, Fortis Lease’s total assets will increase from E6.4 billion to E6.9 billion and its staff to 450 FTEs.
Philippe Delva, CEO and managing director of Fortis Lease commented: This important acquisition is in line with the strategy outlined by Fortis Lease Group. It will further strengthen Fortis’s ambitions to provide a complete range of financial services to European companies with cross-border activities. It will also secure Fortis Lease Group’s position as a top-five player amongst European Leasing companies with cross-border activities.
