Hitachi America Capital Corp acquired Global Technology Finance.

Hitachi America Capital Corp, a leasing and financial services company, acquired Global Technology Finance, a provider of vendor payment processing and credit surety services, to Hitachi Capital America. Financial terms were not disclosed. The decision to acquire Global Technology Finance’s business platform is supported by the firm’s strong expertise in technology reseller financing and their depth of relationships across the IT supply chain. “We are excited by the opportunity to add the highly experienced Global Technology Finance team to Hitachi,” said Mark Duncan, Executive Vice President and GM, Commercial Finance and Corporate Development. “We expect their platform to complement our strategy of delivering innovative financing solutions in the technology space. As a non-bank alternative finance company, we have the means to expand their solutions and offer enhanced certainty and flexibility.”