The Amsterdam branch office is the second business Hitachi Capital has established in the Netherlands, following the recent acquisition of Noordlease Holdings in January this year.
Hitachi Capital UK’s Netherlands branch will provide vendor finance solutions to Hitachi and Mitsubishi group companies, whose European head offices are based in the country.
Primarily the operation will support the sales of Hitachi Construction Machinery Europe (HCME), whilst providing further assistance to the wider business and key European based vendors.
Robert Gordon, CEO Hitachi Capital UK, said: “Over the last 12 months we have experienced significant growth in our European business, more than doubling the size year on year.
“The continent remains an important area for Hitachi Capital UK and we will continue to look for further opportunities to grow our European footprint, with the Netherlands providing a strong base for further expansion.”
The new operation provides another base on the continent for the business which already has its headquarters in the UK and operations in Poland.
Hitachi Capital UK has more than 1,200 employees in the UK alone and now has plans to investigate a further office opening in Ireland as well as expansion of vendor finance solutions in both Eastern Europe and the Nordics.