- Acquisition supports regional growth in Australia and New Zealand
- Portfolio expansion in the core sectors of IT, industrial
equipment, and healthcare technology with a value of
around AUD$500 million (€300 million)
- Acquisition completed on June 28th,
2024
SYDNEY, July 2, 2024
/PRNewswire/ -- Global technology2use company CHG-MERIDIAN
continues its strong growth path in Australia and New
Zealand (ANZ) with the acquisition of Maia Financial
Pty Limited's (Maia Financial) asset portfolio on June 28th, 2024. The acquired portfolio
consists of leased IT, healthcare and industrial equipment. The
acquisition bolsters CHG-MERIDIAN's technology portfolio and
expands its market presence in the ANZ region.
The CHG-MERIDIAN Group is a leading global technology2use
company. It has more than 1,400 employees in 30 countries across
five continents, and develops, finances, and manages tailored
technology usage models for the IT, industrial, and healthcare
sectors. Its services are available in up to 190 countries through
its subsidiaries, partner networks, and affiliated companies.
The Group has been active in the Australian market since 2018
when it acquired Equigroup, a regional technology finance company
previously owned by the Commonwealth Bank of Australia. The CHG-MERIDIAN brand was later
launched in 2019. After operating both brands in the region for
five years, the Group made the strategic decision to rebrand
Equigroup to CHG-MERIDIAN in 2024, becoming more customer-centric
and unlocking operational efficiencies.
"We are meeting the needs of our customers with our presence in
the regional markets," says Mathias
Wagner, CEO of CHG-MERIDIAN. "The acquisition of Maia
Financials' portfolio offers us an attractive opportunity to
further strengthen the positioning of our technology2use solutions
on-site."
Even greater expertise in the healthcare sector
Founded in 1989, Maia Financial is a Sydney-based asset finance company owned by
two global investment firms. The portfolio consists of around 500
customers, about half of whom belong to the healthcare sector. The
managed assets in the portfolio have a value of approximately
AUD$500 million (€300 million). This will position CHG-MERIDIAN as
one of the leading healthcare financiers across Australia and New
Zealand.
"The acquisition represents an investment in the CHG-MERIDIAN
brand and our commitment to the ANZ market. It enables us to expand
our presence and expertise, particularly in the local healthcare
sector. We look forward to meeting and supporting our new customers
with their technology needs and exploring new business
opportunities thanks to our Group's range of innovative solutions,"
says Lukas Tränkle, Executive Vice President with responsibility
for Australia and New Zealand.
CHG-MERIDIAN offers its customers 45 years of experience in
technology management and financing. The Company is not tied to any
specific banks or manufacturers, and manages its customers'
technology investments along the entire lifecycle, from procurement
and use to data erasure, refurbishing, and remarketing of used
devices at its modern technology centers.
The CHG-MERIDIAN Group
The CHG-MERIDIAN Group is a leading global technology2use
company in the IT, industrial, and healthcare sectors. It has more
than 1,400 employees worldwide and develops, finances, and manages
customized technology solutions based on the principle of usage
over ownership. This gives customers including large corporations,
SMEs, public authorities, and hospitals access to the latest
technologies, cost-effective financing models, and tailored
services that meet individual needs. CHG-MERIDIAN currently manages
a technology portfolio worth €10 billion (2023) and has a presence
in 30 countries on five continents without being tied to any
specific banks or manufacturers. Its services are available in up
to 190 countries through its subsidiaries, partner networks and
affiliated companies.
The sustainability-based principles of the circular economy lie
at the heart of CHG-MERIDIAN's business model. The Company has been
continually expanding its expertise in this area since it was
founded 45 years ago in 1979. CHG-MERIDIAN manages its customers'
technology assets along the entire lifecycle, from procurement and
use to data erasure, refurbishing, and remarketing of used devices
at its modern technology centers. The Company's headquarters are in
Weingarten, Germany.
www.chg-meridian.com
Your contact:
Jessica
Behrens
Company spokesperson
Franz-Beer-Strasse 111
88250 Weingarten
Germany
Phone: +49 (0)751 503 203
Mobile: +49 (0)175 341 9179
jessica.behrens@chg-meridian.com
View original
content:https://www.prnewswire.co.uk/news-releases/chg-meridian-acquires-asset-portfolio-of-australian-company-maia-financial-pty-limited-302188004.html