Finacity Facilitates Increase in HYVA’s European Factoring Program to EUR 9 Million with Addition of French and UK-Originated Receivables
January 2018 by Finacity
Amsterdam / Stamford– 12th January 2018 – Finacity Corporation (“Finacity”) announced today that it has facilitated a EUR 4 million increase in the existing multi-country trade receivable funding program of Hyva Global B.V. (“Hyva”), a Netherlands based multinational manufacturer of components for the commercial vehicle industry. The new capacity provides financing for several Hyva subsidiaries and is incremental to a EUR 5 million facility that Finacity first facilitated in 2015 for Hyva’s operations.
About Hyva Group
Hyva Group is a leading global provider of innovative and highly efficient transport solutions for the commercial vehicle and environmental service industries. The company is committed to the development, production, marketing and distribution of components used in hydraulic loading and unloading systems on trucks and trailers. Its products are used worldwide across a range of sectors including transport, construction, mining, materials handling and environmental services providers.
Hyva produces the strongest front end hydraulic telescopic cylinder in the world, double acting cylinders, mobile and static compactors and waste collection units. Hyva's portfolio comprises: Hydraulics (cylinders and tipping gear), Container Handling Systems (hook- and skiploaders), Waste Handling (transfer stations, compactors and refuse collection bodies), Floors (horizontal unloading/loading floors) and Cranes (fixed and rolling). These products are designed and marketed under several well respected brands: Hyva, Kennis, F.lli Ferrari and AmcoVeba. Hyva is also a distributor of high value components.
Founded in 1979 in The Netherlands, Hyva has significant manufacturing facilities in Brazil, China, Germany, India and Italy. Operating in more than 130 countries the company has more than 2,000 employees around the world, encompassing 39 subsidiaries and 13 production facilities. Hyva has more than 25,000 customers. For further information, visit www.hyva.com.
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 175 countries.
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