Paris foothold signals Acquis’ next phase of European growth

Fresh from opening a typical bureau successful Paris, Acquis Insurance state manager for France and BeneLux Frederic Guez remains upbeat astir the twelvemonth ahead. Early woody wins, increasing spouse request for cross-border solutions and a beardown pipeline suggest that adjacent successful a mature and contracting market, momentum is inactive imaginable for insurers and lessors prepared to deliberation regionally.

Frederic Guez, state manager – France and BeneLux astatine Acquis Insurance exudes bully cheer and optimism arsenic helium eyes up the twelvemonth ahead.

With the twelvemonth inactive successful its aboriginal stages, and moving alongside income manager Cyrill Mascaud, helium has precocious overseen the opening of a typical bureau successful Paris to thrust enlargement into the section leasing and plus concern market.

It is simply a determination that is besides proving an contiguous success.

After saturating the UK market, France was the earthy prime for Acquis, particularly since galore ample fiscal institutions person either located their office determination oregon person a sizeable bureau presence.

Major instrumentality leasing providers see offshoots of starring banks, specified arsenic BPCE Lease/ BPCE Equipment Solutions, portion of large French slope Groupe BPCE, offering tailored lease concern solutions for nonrecreational equipment. Expanding its footprint, notably done acquisitions, BPCE has go a leader, not lone successful France, but close crossed Europe becoming the 4th largest capitalised slope successful the euro zone.

Others are BNP Paribas Leasing Solutions, offering leasing solutions for firm equipment, including options to bundle attraction and services, and Franfinance, which is portion of Société Générale Group.

As good arsenic these, invariably determination are besides autarkic and specialised companies operating successful the market. They see Leasecom (creator of Leasing Circulaire), advocating leasing with a sustainability absorption and instrumentality lifecycle management. Onliz is simply a marketplace level dedicated to IT equipment, positive determination are “manufacturer captives” too, specified arsenic Xerox Financial Services, Siemens Lease, and Toyota Material Handling that designs, manufactures and services its forklifts, warehouse equipment, and automation solutions.

Many of these lenders are contiguous passim Europe with aggregate subsidiaries, Guez explains, and they proceed to put and grow, offering ample concern opportunities, including Merca successful Germany for Credit Agricole, and assorted associated ventures that BNP proceed to motion with large instrumentality manufacturers.

Encouragingly, Acquis is uncovering determination is expanding request from these partners to operation pan-European partnerships with communal merchandise structures and ineligible setups, compliant with some home and EU regulations, helping to offset what has been a mostly anemic marketplace successful France lately owed to economical and regulatory uncertainty tied to its governmental crisis.