BNP Paribas Leasing Solutions is partnering with technology lifecycle management specialist 3 Step IT in a joint venture called BNP Paribas 3 Step IT.
The new company will provide complete, sustainable technology lifecycle management solutions to end user organisations, manufacturers and distributors, including needs analysis; funding; equipment tracking and monitoring; data destruction; and the refurbishment and resale of returned equipment.
Headquartered in France, BNP Paribas 3 Step IT will trade in 11 countries, starting with France, Italy, Germany, Belgium, the Netherlands and the UK this year, before expanding to Poland, Spain, Portugal, Austria and Switzerland in 2020.
Carmen Ene, CEO of 3 Step IT, said: “The 3 Step IT team is very excited to partner with Europe’s leading professional equipment finance company. Our company was built around sustainability. Now, together with BNP Paribas Leasing Solutions, we can make the circular economy a reality and develop more sustainable leasing for technology assets across Europe. This will benefit our clients and build an ever more successful business relationship.”
Where the joint venture doesn’t have a presence, i.e. in Denmark, Estonia, Finland, Latvia, Lithuania, Luxembourg, Norway, Romania, Sweden, BNP Paribas Leasing Solutions and 3 Step IT will offer similar services individually.
BNP Paribas 3 Step IT will be 51% owned by BNP Paribas Leasing Solutions and 49% by 3 Step IT.