Published
Mar 10, 2023
Simon Zeilberger CFO of ENGEL decides against Pay-per-Use collaboration with banks.
Vienna, Austria – March 2023: The injection moulding machine manufacturer Engel has introduced a new payment model for its customers, Pay-per-Use (PPU). This payment method enabled by Linxfour allows customers to pay according to their machine usage rate, rather than a fixed price for machine purchase. This model benefits companies most that operate in seasonal industries or need to conserve their liquidity.