BPCE Equipment Solutions imposes BPCE as leader in European leasing
The Bank COPD has announced the creation of its new specialized BPCE Equipment Solutions. It came from the acquisition of Société Générale Equipment Finance (SGEF) and today allows the French Bank to impose itself as a European leader in leasing capital goods.
FACTS
BPCE Equipment Solutions is therefore presented by the French bank as a new major player in financing capital goods in Europe.
- In figures, BPCE Equipment Solutions manages today a portfolio of 15 billion euros outstanding across 24 countries (through 14 subsidiaries and 10 partners). The entity can therefore rely on 1,600 employees.
The leasing offers of the structure are aimed particularly at companies operating in the fields of transport, industry, technology, the medical sector and energy transition.
ISSUES
Accelerating its international deployment The announcement of the acquisition of Société Générale Equipment Finance (SGEF) by BPCE is above all a means for the French bank to create an entity capable of accelerating its international development in the leasing market for capital goods. In addition to a stronger presence in Europe, BPCE Equipment Solutions also address strategic markets such as China, the United States and Brazil.
Strengthening energy within its group : BPCE also takes advantage of the presentation of BPCE Equipment Solutions to display its ambitions for the future. The group is already considering using BPCE Lease, its French subsidiary, to develop their financing solutions on French territory. The latter now manages €20 billion in outstanding in leasing, real estate, long term leasing (LLD) and financing of renewable energies.
PERSPECTIVE
The announcement of this acquisition comes as a BPCE competitor in this market, BNP Paribas Leasing solutions, has just published its latest report on the circular economy and the Product As A Service (PaaS) model. This study was conducted by Do Well Do Good, a strategy consulting firm.
Presented as a sustainable economic model, the PAAS nevertheless struggles to impose itself around the world. According to a 2024 report by The Circularity Gap ReportThe world economy is now only 7.2% circular. The share of secondary materials consumed by the world economy rose from 9.1 per cent in 2018 to 7.2 per cent in 2023, recording a 21 per cent decline over five years.
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