Tokyo Century : CSI Leasing, Inc. launches subsidiaries in Denmark and Sweden
CSI Leasing, Inc. launches subsidiaries in Denmark and Sweden
Tokyo Century Corporation (“TC”) hereby announces that its wholly owned subsidiary CSI Leasing, Inc. (“CSI”), headquartered in St. Louis, Missouri, USA, has established subsidiaries in Denmark and Sweden. The new entities are CSI Leasing Denmark A/S, with headquarters in Denmark, and CSI Nordics AB, with headquarters in Sweden.
Operating in more than 50 countries, CSI is a major global leasing company providing IT lifecycle management services combining offerings such as fair market value (FMV) leasing*1 and ITAD services*2. In 2021, CSI acquired all shares in the Norwegian companies Leasepartner AS and Leasemaker AS and expanded its operations to the Nordics with the goal of developing its competitive business model on a global basis.
The launch of these new subsidiaries follows the recent opening of a subsidiary in Norway as CSI’s Nordic base. The two new companies aim to expand their operations in the European region by providing high value-added IT lifecycle management services, which are CSI’s strengths, to global companies with subsidiaries in Denmark and Sweden, as well as companies headquartered in both countries.
Denmark and Sweden are digitally advanced countries, in first and third place in the latest World Digital Competitiveness Ranking*3 by the International Institute for Management Development; a stable demand for IT lifecycle management services can be expected.
CSI intends to achieve further growth by broadening the scope of IT lifecycle management services offered to global enterprises and other entities by expanding its operations, as well as by providing optimal managed services*4 which leads to the development of foreign operations for TC’s customers and partner companies.
*1: Fair market value (“FMV”) leasing is a form of highly flexible equipment leasing that offers customers multiple options, such as returning the asset, purchasing the asset, or extending the lease of the asset at the end of the original lease period. As customers are not required to make a commitment regarding their plans for the asset at the time of lease signing, they can make an informed decision according to their specific business needs at the end of the lease term.
*2: IT Asset Disposal (“ITAD”) is the process of disposing of IT assets through safe and environmentally appropriate methods in accordance with applicable laws and regulations.
*3: IMD World Digital Competitiveness Ranking: https://www.imd.org/centers/world-competitiveness-center/rankings/world-digital-competitiveness/
*4: Managed services are integrated services for operations in connection with FMV leasing.
– 1 –