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Announced

DLL to Acquire a Majority Stake in Gate From Iveco Group.

Synopsis

DLL, a company specializing in asset-based financing across global equipment and technology sectors, is set to acquire a 51% stake in GATE, a mobility company focused on low- and zero-emission commercial vehicle rentals, from Iveco Group, a diversified automotive and industrial equipment manufacturer. Financial terms were not disclosed. "This collaboration with one of the top players like DLL opens a significant new chapter for GATE." Simone Olivati, IVECO GROUP President.

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