[December 06, 2004] GE Commercial Finance, Global Electronics Solutions and the Advanced Technology Real Estate Group of Colliers International Form Strategic Alliance Tweet SAN DIEGO, Dec. 6 /PRNewswire/ -- GE Commercial Finance, Global Electronics Solutions (GES) and Colliers International's Advanced Technology Real Estate Group (ATREG) have signed an agreement that will enable semiconductor and electronics manufacturers to comprehensively evaluate, acquire, or divest manufacturing facilities, real estate and equipment together for the first time. Traditionally, companies have used these services separately. By combining them into one comprehensive solution and offering their full facility for sale as one package to potential buyers, companies will be able to gain higher financial returns on their real estate and assets. If certain assets are not acquired through this combined service, GES offers several other solutions to help manufacturers remarket their assets, including full- service remarketing services, online bid-sales and auctions. Through this strategic alliance, GES values and finances manufacturing equipment for the semiconductor manufacturing, automated test, and printed circuit board assembly industries. ATREG values and sells advanced technology real estate; both as operational facilities with complete tool lines, and as surplus real estate with no tools included in the facility. "To achieve the best financial return, it is critical for companies to take a comprehensive view of their assets," said Roger Innes, President and CEO of GES. "By working together with ATREG, we can now offer a comprehensive service of real estate and equipment expertise to the semiconductor and electronics industry that is a first for our industry." Stephen Rothrock, Senior Vice President and Managing Director of ATREG agrees: "By combining real estate and equipment expertise, our partnership with GES is the perfect formula to help manufacturers make better decisions and maximize their return on investments." About GE Commercial Finance, Global Electronics Solutions GE Commercial Finance, Global Electronics Solutions (GES) offers Equipment Lifecycle Management services for users of semiconductor manufacturing, automated test (ATE) and printed circuit board assembly (PCA) equipment. These services include Acquisition (new/used equipment financing, and sale/leaseback of existing equipment); Optimization (equipment optimization and management, evaluations and recommendations); and Disposition (equipment remarketing). GES' services allow customers to execute equipment management programs that provide strategic flexibility, increase profits and reduce technology cost and risk. Headquartered in San Diego, California, GES has offices worldwide. GES is a division of GE Commercial Equipment Financing, a unit of GE Commercial Finance. GE is a diversified technology, media and financial services company with operations worldwide. For more information, please visit the GES Web site at http://www.geelectronicsweb.com/ . About Colliers International's Advanced Technology Real Estate Group: The Seattle, Washington based Advanced Technology Real Estate Group helps companies value, buy and sell advanced technology buildings. Established in 1997, the group has represented clients in three of the four largest microelectronics transactions that have occurred since 2000 and have represented over US$500 million in transactions over the past three years. Colliers International is a global real estate services firm with over 8,000 employees in more than 247 offices in 50 countries and revenue exceeding US$ 995 million in 2003. For more information, please visit http://www.colliersmn.com/atreg . GE Commercial Finance, Global Electronics Solutions CONTACT: Annika Hafner, GE Commercial Finance, GES, +1-619-517-3241, [email protected] ; or Phillip Sontag of Fleishman-Hillard,+1-619-237-7731, or [email protected] ; or Stephen Rothrock, Senior VicePresident, +1-206-287-4757, or [email protected] ; or DougBarrett, Vice President, +1-206-223-0206, or [email protected] , bothof Colliers International Advanced Technology Real Estate Group Web site: http://www.geelectronicsweb.com/http://www.colliersmn.com/atreg [ Back To TMCnet.com's Homepage ]