Cummins Inc. And CitiCapital Launch Alliance
Cummins Inc. and CitiCapital have reached an agreement to promote a cosponsored marine finance program.
Under the agreement, customers who purchase Cummins engines for various commercial vessels will receive exclusive finance products provided by Citi- Capital.
This agreement demonstrates the cooperative efforts of both companies by bringing together the premier manufacturer of marine engines and the world's largest financial services conglomerate. The agreement will initially cover the U.S. and Canada with expectations to rollout worldwide "Financing solutions are critical with any marine projects, whether it's a new vessel or a major repower. Cummins Marine customers deserve the very best in products and services. We are very pleased to now offer CitiCapital's considerable strength and marine experience to Cummins Marine customers," said Dennis Spriggs, Financing marketing manager for Cummins, Inc.
"By bundling power and financial solutions, the end user customer gets better overall service than they would if they sourced the separate parts of the transaction individually.
The alliance between Cummins and CitiCapital will save customers time, provide a high level of quality and service and potentially money by taking advantage of this powerful alliance," said Joe Pitch, vice president of Citi- Capital's marine operation.
CitiCapital will provide dedicated marketing and sales support to Cummins Marine distributors located in the United States and Canada. The goal of the program is to provide marine financing solutions to customers who select Cummins marine engines to power their commercial vessels.