CHG-MERIDIAN Acquires Meridian Leasing Corporation
- CHG-MERIDIAN strengthens its presence in the US, the world’s largest leasing and asset financing market
- Acquisition complements existing US customer portfolio and matches the technology focus of CHG-MERIDIAN
- Transaction will support the top and bottom line growth of the CHG-MERIDIAN Group
Weingarten, December 2, 2024
The CHG-MERIDIAN Group continues to grow globally and is acquiring the US company Meridian Leasing Corporation effective December 2, 2024. CHG-MERIDIAN is taking over 100 percent of the shares of the leasing business of Meridian Group International, Inc., a leading provider of managed services for cloud, infrastructure, and IT security. This transaction strengthens CHG-MERIDIAN’s position in the US leasing market, which offers the largest market potential worldwide.
“Meridian Leasing is a perfect strategic fit for us because our business models, go-to-market approaches and corporate cultures are very similar. This acquisition particularly boosts our commitment to the US market and thus optimally supplements our existing customer portfolio,” emphasizes Mathias Wagner, CEO of CHG-MERIDIAN.
“With this deal, we are bringing together what belongs together”, says Wagner. CHG-MERIDIAN and Meridian Group International were not only both founded in 1979, but also share a common history. At the end of the 1990s, the former Computer Handels Gesellschaft (CHG) merged with the German subsidiary of the Meridian Group to form the company known today as CHG-MERIDIAN. Wagner adds: “This common history creates a special bond. We will make the best possible use of our synergies to further strengthen our local business.”
“The acquisition enhances our regional presence in the US and also Canada and enables us to leverage the considerable potential in these markets even more effectively,” comments Wayne Fowkes, CHG-MERIDIAN’s Sales Director Americas, on the transaction. “At the same time, we are expanding our local team and deepening our expertise, particularly in the healthcare sector, where Meridian Leasing has a high level of expertise. With the headquarters of Meridian Leasing in Chicago, we are adding a further US location to Los Angeles, where we have been represented as CHG-MERIDIAN since 2009.”
“We are excited for our team and our customers to have our organizations come together in such a meaningful way. As a leading North American equipment finance company, Meridian Leasing has built a strong reputation, with long-standing customers and partnerships. This acquisition combines two world-class equipment finance companies that share a unique common history, enabling the combined company to address the future of how customers consume and leverage technology investments,” says Jeff Murray, CEO of Meridian Group International. “Combining Meridian Leasing and CHG-MERIDIAN will enable our customers and employees to gain access to new capabilities that will help them thrive and address ever changing business needs.” The Hovde Group advised the seller, Meridian Group International, on this transaction.
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
About Meridian Group International
Founded in 1979 and headquartered in Deerfield, IL, Meridian Group International Inc. (MGI) is a privately held global information technology solutions provider including cloud and managed services for on-premise, private, hybrid, and public cloud. Its offerings include infrastructure and platforms as a service, data protection, and cyber-security resilience. With more than 850 employees and 20 data centers around the world, MGI offers regional and global technology services and solutions enabling businesses to gain competitive advantage from their technology investments. To learn more about the company and how its solutions help businesses solve problems, please visit us at www.themeridian.com or contact us at contactme@themeridian.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
www.chg-meridian.com