TBAuctions, an Amsterdam, The Netherlands-based multi-brand online B2B marketplace for used industrial goods, acquires Surplex, a Düsseldorf, Germany-based company specializing in installed industrial machinery for metal and woodworking for international commercial buyers.
The amount of the deal was not disclosed.
The acquisition will accelerate 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.
Founded in 1999, Surplex specializes in installed industrial machinery for metal and woodworking for international commercial buyers with a strong position across Continental Europe. 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. This complements with TBAuctions position in the Nordics and Benelux focused more on mobile equipment.
Led by CEO Tom Christenson, TBAuctions is a provider of a 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. Its proprietary platform hosts intelligent online auctions, connecting bidders from various storefronts into a single, unified auction experience.
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 750K bidders in 175 countries, generating hammersales of over €1.6 billion, and employing nearly 1,200 team members.
FinSMEs
12/08/2024