26 Jan 2008

Siemens Financial Services named as leading provider of asset finance to the public sector

Market share of 23.7% makes Siemens the public sector’s top choice for leasing, says independent study

United Kingdom, 2006-Jan-19

Digital Networks Limited (DNL), a provider of marketing and online services to the asset finance industry, has published independent research pinpointing Siemens Financial Services as the leading provider of asset finance to the public sector.

Calculated by value of assets financed, Siemens is shown to have a market share of nearly a quarter (23.7%), a testimony to the company’s ability to help a wide variety of public sector bodies, including the NHS and local authorities, meet the financial chal-lenges they face.

The statistics are taken from an end-of-year report on the asset financing market, pub-lished by DNL and based on a combination of publicly-available data from the Official Journal of the European Union (OJEU) and proprietary financial data from public sector advisors. DNL uses the data to build an accurate and independent picture of the asset finance market in the UK public sector. The report is published every April and has been running since 2004.

David Martin, Head of Public Sector, Siemens Financial Services, commented: “We're delighted to hear that this piece of research has positioned us as the leading provider of asset finance to the public sector. This proves that our decision to focus on a service-led, best value approach was the right one.

“The public sector is, quite rightly, a sophisticated and demanding customer, and we’ve demonstrated that we’re able to provide the right level of market knowledge coupled with financial expertise to satisfy their unique needs.”

David Shone, Director of DNL, added: “Since we first started our independent analysis of the public sector asset finance market, Siemens has steadily risen up the rankings and is now firmly top of the table of UK lessors. The sector is very competitive and as the demand for alternative finance has grown, there have been many new market en-trants over the last couple of years. But it seems that track-record and niche specialism instil the greatest confidence in the public sector.”

Siemens Financial Services counts 45% of NHS Trusts and over 160 local authorities amongst its client base. In February of this year, Siemens announced the formation of a new business division, Siemens Healthcare Finance, focused solely on addressing the highly specialist financial needs of the UK healthcare market.

About Siemens Financial Services Limited

Siemens Financial Services Limited is a leading provider of funding solutions in the UK. With its head-quarters in Harrow, Middlesex, the company has 255 employees in the UK. Siemens Financial Services offers a wide range of financing products and services to help customers acquire the capital assets needed to develop and grow their businesses. Financial solutions are provided direct to business equip-ment users or via flexible vendor or point of sale finance programmes to equipment suppliers and manu-facturers.

Siemens Financial Services has expertise in funding business solutions in a wide variety of sectors in-cluding; education, information technology, telecommunications, digital imaging technology, vending, healthcare and legal, dental and accountancy professions. Siemens Financial Services also provides financial arrangements for large corporate businesses across all sectors in the UK. Facilities are unique to each market and tailored to meet each customer’s individual needs. Financing options cover large through to small assets.

Siemens Financial Services Limited is part of the Siemens Financial Services Group based in Mu-nich. With some 1,500 employees and an international network of financial companies, the Siemens Financial Services Group offers a broad range of financial services. This covers everything from sales and investment financing to treasury services, fund management and insurance brokerage.

About Digital Networks Limited

Digital Networks specialises in offering online marketing services to the asset finance industry. A part of such a service is key word searches and the site www.assetfinanceuk.com is an illustration of this approach. (key word search ”asset finance”). Specialist information published on the site such as at www.assetfinanceuk.com/public_sector_leasing_market.htm is designed to attract parties searching online for information on specific niche interests within the asset finance market place.

For more information please visit www.dignet.co.uk or call David Shone on 07881 952815

About Siemens in the UK

Siemens was established in the United Kingdom 163 years ago. The company employs 21,122 people in the UK, including about 5,000 in the manufacturing sector. Last year’s revenues were £3 billion, including exports of £500 million.

Siemens provides innovative, high-quality services and solutions to customers in a diverse range of industry sectors, including power, automation and control, information and communication, medical, transportation, lighting, and household.

Siemens has offices and factories throughout the UK, with its headquarters in Bracknell, Berkshire. The company’s global headquarters is in Munich, Germany.

Mr. Andy Brown
Corporate Communications Manager

Further information

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About Siemens