The Customer:

The company is one of the world’s leading engineering and scientific technology companies, with expertise in precision measurement and healthcare.

The Challenge:

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.

Going beyond finance:

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.

New machine tool center
Leading R&D company
Limited budget funds for immediate capital expenditure needs
Solution allowed for immediate acquisition of equipment
Maintained R&D timeline
Remained within budget guidelines

Can this US-based support center lease IT assets for their operations in Asia through a US lender?
Read More
Can this global news organization shift from analog to digital in the middle of the financial crisis?
Read More
Can this R&D company get equipment in-service 6 months before budgeted funds become available?
Read More
Can an energy services company finance equipment while maintaining mid-term flexibility?
Read More
Can an IT company develop a cost effective way to stay on the cutting edge of technology?
Read More
Can this manufacturer upgrade to automated guided vehicles while preserving capital?
Read More
Can this surgery department acquire the newest technology despite resistant attitudes of administrators?
Read More
Can this aviation services company get more ROI out of end of lease assets?
Read More
Can this ROV services company acquire revenue producing equipment without straining cash resources?
Read More