The company is one of the world’s leading engineering and scientific technology companies, with expertise in precision measurement and healthcare.
The company’s research and development department had an immediate requirement for a machine tool center, but were constrained by having no capital budget for its acquisition and the next round of budget allocations at least six months away.
The Somerset team was able to work with the company’s procurement department in providing a short term lease facility that matched an already agreed small R&D budget, allowing for immediate acquisition of the asset and flexibility to structure its retention or return depending on subsequent commercial needs or budget allocation. The facility allowed the company to maintain its R&D timeline while still staying within existing budgets.
Our team is ready to help you take a different, more intelligent approach to your equipment finance
