TD Bank Group completed the acquisition of Wells Fargo's Canadian Direct Equipment Finance business.

TD Bank Group, a Canadian multinational banking and financial services firm, completed the acquisition of the Canadian Direct Equipment Finance business from Wells Fargo, an American multinational financial services company. Financial terms were not disclosed. "This acquisition enhances our position and competitiveness in Canada's Equipment Finance industry and will allow us to better serve a more diverse set of business customers who require customized financing services and leasing solutions. Our combined teams will bring seasoned expertise in equipment leasing and finance to deliver the strong value of tailored financing and leasing options to customers across Canada," Darren Cooke, TD Bank President.