June 25, 2015
ATEL Leasing Corporation (“ATEL”) is proud to announce the completion of a lease transaction with Bayer Corporation. The lease transaction calls for ATEL to supply Bayer with a variety of business-necessary equipment including those used in laboratory testing. The $5 million of equipment ATEL is leasing Bayer will be used by Bayer’s consumer health division, At HealthCare, in their research and development efforts.
ATEL Capital Group President and CEO Dean Cash states “Bayer Corporation continues to be one of our most valued customers. ATEL has the right mix of resources to provide timely capital for corporations such as Bayer and we look forward to working with them again in the future.”
Bayer is a world renowned innovation company that has been in business for over 150 years. Their products, research, and development addresses challenges such as population growth, an aging society, and producing sustainable natural resources. Bayer employs over 100,000 professionals world-wide and reports first quarter earnings up 14.8% in their At HealthCare division.