CIT and Gandinnovations Announce Global Vendor Financing Agreement

    NEW YORK & TORONTO, November 27 /CNW/ - CIT Group Inc. (NYSE:   CIT), a
leading global provider of commercial finance solutions, announced today a
global financing agreement with Gandinnovations Inc., a market leader in
manufacturing commercial super wide format digital printers. Under the terms
of the exclusive agreement, CIT Vendor Finance will provide financing to
Gandinnovations customers throughout, North America, Latin America, Europe and
Asia Pacific.

    "We welcome the opportunity to partner with Gandinnovations in providing
its customers with financing solutions that will help them grow their
business," said Kris Snow, Co-President of CIT Global Vendor Finance.
"Gandinnovations operations are directly aligned with our global business
capabilities and these synergies will offer both organizations tremendous
growth opportunities."

    James Gandy, CEO and Chairman of Gandinnovations, said, "We are pleased
to announce our relationship with CIT. Their innovative financing capabilities
will provide our customers additional resources and allow them to focus on
growing their businesses. At the same time, this relationship will allow us to
invest in the future of our products and focus on our continued international

    Individuals interested in receiving future updates on CIT via e-mail can
register at

    About CIT Vendor Finance

    CIT Vendor Finance is a global leader in financing solutions that drive
incremental revenues for manufacturers, distributors and other intermediaries.
It provides customized financing solutions to customers in more than 30
countries, supporting a wide variety of industries, including health care,
industrial equipment and technology.

    About CIT

    Founded in 1908, CIT (NYSE:   CIT) is a global commercial finance company
that provides financial products and advisory services to more than one
million customers in over 50 countries across 30 industries. A leader in
middle market financing, CIT has more than $80 billion in managed assets and
provides financial solutions for more than half of the Fortune 1000. A member
of the S&P 500 and Fortune 500, it maintains leading positions in asset-based,
cash flow and small business administration lending, equipment leasing, vendor
financing and factoring. The CIT brand platform, Capital Redefined,
articulates its value proposition of providing its customers with the
relationship, intellectual and financial capital to yield infinite

    About Gandinnovations

    Gandinnovations designs, develops and manufactures wide format digital
printers. Founded in 2000 by industry pioneer James Gandy and his brother Hary
Gandy, the company offers several models of flatbed and roll-to-roll solvent
and UV printers for a wide variety of commercial applications. Gandinnovations
is known for its cutting-edge technology, pioneering true 600 dpi on all
solvent printer models and true 1200 dpi on all UV printer models. The company
is headquartered in Mississauga, Ontario, Canada with sales and service in San
Antonio, Texas. Additional offices are located in Mexico City, India, Belgium
and Dubai, with service centers worldwide. More information can be found at

For further information:

For further information: CIT MEDIA RELATIONS: C. Curtis Ritter,
212-461-7711 Director of External Communications & Media Relations or Mary Flynn, 212-461-7860 Director of Media Relations or

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890