Universal Robots has launched a new cobot leasing program in collaboration with DLL, a global vendor finance company. The partnership enables manufacturers of all sizes to reap the benefits of automation without worrying about cash flow and seasonal fluctuations.
DLL offers custom financing and leasing programs that can be changed as business needs change. Customers will have the option to schedule payments to fit fluctuations in cash flow, upgrade to new equipment, or add cobots anytime during the contract term. At the end of the finance term, customers will have the option to buy the equipment for a fraction of the original cost, upgrade to newer technology, extend the finance term or return the equipment.
“We’re leveling the playing field by enabling all manufacturers to immediately put cobots to work without an upfront capital investment,” said Klaus Vestergaard, CFO at Universal Robots. “UR Financial Services offers end-users a fast, low-risk and financially-friendly model to accelerate automation in their factories. The partnership makes it easy to upgrade existing cobots, add additional units or test cobots for the first time – and equips end-users to maximize productivity, quality and profitability, without increasing costs or cash outlay.”
“The market we operate in is evolving rapidly. Through this partnership we can now offer financial solutions for a wide variety of automation equipment,” said Neal Garnett, President of Construction, Transportation & Industrial (CT&I) Global Business Unit at DLL. “Our tailored financial solutions give UR’s end-users an easy way to reduce the risk of deploying cobots by shifting from ownership to flexible, usage-based financing. Manufacturers can build the operations they need to compete and thrive, while people work on strategic tasks.”
UR’s distributor network will work directly with DLL’s finance experts in each country to provide new payment and leasing options for interested customers.