AMSTERDAM, Aug. 8, 2024
/PRNewswire/ -- TBAuctions, Europe's leading multi-brand online B2B
marketplace for used industrial goods, acquires Surplex. The
transaction closed on 7th August
2024. This strategic move accelerates TBAuctions growth into new
countries including Spain,
Poland, Portugal, Romania, Czech
Republic, Hungary, and
Serbia. It also bolsters TBAuctions' presence in Germany, France, and Italy, adding deep industry vertical expertise
in metal and woodworking. The combination with Surplex enables
TBAuctions to achieve new milestones. The combined brands of
TBAuctions reach nearly 200 million annual site visits, source
sellers from 20+ countries across Europe, sell over 1.6 million assets receiving
bids from 700K bidders in 175
countries, generating hammersales of over €1.6 billion, and
employing nearly 1,200 team members.
The European market for used business equipment sales exceeds
€200 billion per year, and digital auctioning is a fast-growing
channel for trading these assets. Driven by tech advancements,
digital adoption, and sustainability shifts. With a proprietary
intelligent auctioning platform, TBAuctions makes auctioning more
transparent and efficient through a connected bidder base,
automation, AI, and scale; taking advantage of these trends. Every
year, manufacturing of new vehicles, farm and construction
equipment generates over a billion tons of CO2e. By extending the
life of existing equipment, and buying second hand machinery,
companies can reduce their carbon footprint, and global
emissions.
Founded in 1999 in Düsseldorf, Germany, Surplex has built a strong reputation
across Continental Europe, specializing in installed industrial
machinery for metal and woodworking for international commercial
buyers. This complements well with TBAuctions position in the
Nordics and Benelux focused more on mobile equipment.
Tom Christenson, CEO of
TBAuctions, shared: "Surplex has a great team of people, excellent
customers, and a strong brand across Europe. Together with TBAuctions' best in
class tech platform and leading brands, we see great opportunities
through our complementary services, values, and people to drive
exponential growth. This marks a major milestone for us to serve
customers in all countries of Europe on our journey to revolutionize digital
auctioning and promote sustainable trade."
Michael Werker, Managing Owner of
Surplex, said: "It makes a lot of sense for Surplex to come
together with TBAuctions. We share similar values, commitment to
excellent customer service, and a passion to drive the circular
economy." Uli Stalter, Managing
Owner of Surplex, summarizes saying: "The combination of skills and
geographic footprint between Surplex and the family of TBAuctions
brands creates a comprehensive digital auction experience across
Europe."
About Surplex
Surplex has been one of Europe's leading industrial auction houses for
25 years and trades worldwide in used machines and factory
equipment. The 18-language auction
platform Surplex.com has over 125,000 registered
customers. Around 1,000 online auctions are held annually, with
more than 400,000 industrial products sold to date. The company is
based in Düsseldorf and has offices in 16 European countries.
About TBAuctions
TBAuctions is Europe's leading
multi-brand (Troostwijk Auctions, Klaravik, Auksjonen, PS Auction,
British Medical Auctions, Vavato, and Auktionshuset dab), digital
auction platform for B2B used goods with 1,000+ team members across
the Nordics, Benelux+UK, and Continental Europe. We believe that
"Everything Has Value" and we make auctioning more effective and
efficient by using technology, automation, and economies of scale.
TBAuctions' proprietary platform hosts intelligent online auctions,
connecting bidders from various storefronts into a single, unified
auction experience. TBAuctions brings sustainable trade to a higher
level. Sourcing locally and selling globally, millions of products
are auctioned every year. Funds managed by Castik Capital are the
majority owners of TBAuctions, with Summa Equity as the minority
shareholder.
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SOURCE TBAuctions