3 Step IT joins forces with BNP Paribas to create a strategic alliance
3 Step IT and BNP Paribas Leasing Solutions have announced an agreement to create a European strategic alliance: a joint venture company in Western Europe, and a partnership to serve their international customers with Nordic offices.
This alliance will be effective in the 20* European countries where each of the partners operates, as part of a partnership developed under the name “BNP Paribas 3 Step IT". Within the partnership, a joint venture operation will trade in 11 countries, starting in France, Italy, Germany, Belgium, the Netherlands and the United Kingdom.
“This joint venture enables us to serve our customers across Europe. We wanted a strong partner to help us spread our service concept globally”, says Jarkko Veijalainen, 3 Step IT Chairman of the Board.
The alliance between BNP Paribas Leasing Solutions and 3 Step IT confirms the ambition of both organisations to become a leader in the field of finance and product as a service solutions for technology equipment in Europe. They also plan to take a lead in promoting the circular economy with services that help maintain equipment in use, and recondition returned equipment for resale to extend its life.
“We both bring our strengths to this partnership. Their geographical coverage is mainly in Western Europe, ours is primarily in the Nordics. They have unrivalled risk management skills, we have IT asset management expertise. And they want to become a more sustainable lessor, we base our business on the circular economy”, says 3 Step IT CEO Carmen Ene.
At this stage, the joint venture is subject to regulatory approval. The alliance should be finalised by the end of the first half of 2019.
Joint-venture: Austria, Belgium, France, Germany, Italy, Poland, Portugal, Spain, Switzerland, the Netherlands and the United Kingdom.
Partnership beyond the JV: Denmark, Estonia, Finland, Latvia, Lithuania, Luxembourg, Norway, Romania, Sweden.