TBAuctions Acquisition news – Amsterdam-based TBAuctions Acquired Surplex

It will also strengthen TBAuctions' presence in Germany, France and Italy and expand its industry expertise in metal and wood processing. By merging with Surplex, TBAuctions is tapping into the DACH region with a potential of 1 billion business goods auctioned online per year.

As part of the TBAuctions family, Surplex customers now have access to sellers from 20 countries, can sell more than 1.6 million items, receive bids from 750,000 bidders from over 175 countries and achieve hammer prices of more than 1.6 billion euros.

The DACH market for trading used business equipment exceeds 100 billion euros annually. Digital auctions in particular are becoming increasingly popular as a trading channel in this area - driven by technological advances, increasing digital acceptance and the trend towards sustainability. Online auctions make it possible to target buyers outside of one's own region and offer potential buyers a wider choice.

By joining forces with TBAuctions, Surplex can take full advantage of these trends in Germany. Surplex will thereby expand the range of services available to German buyers and enable German entrepreneurs to sell their used business assets to 750,000 bidders across Europe. This move is in line with TBAuctions' strategy to achieve sustainable growth through technology.

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Michael Werker, Managing Owner of Surplex, says: "It makes sense for Surplex to join forces with TBAuctions. We share similar values, a commitment to excellent customer service and a passion to drive the circular economy." Uli Stalter, Managing Owner of Surplex, summarizes: "The combination of the competencies and geographical presence of Surplex and the TBAuctions family of brands creates a comprehensive digital auction experience across Europe."

Tom Christenson, CEO of TBAuctions, shares: “Surplex has a great team, outstanding customers and a strong brand in Europe. Together with TBAuctions' world-class technology platform and our complementary services, values ​​and teams, we see tremendous opportunities to achieve exponential growth. This merger marks a significant milestone for us to serve customers across all countries in Europe as we revolutionize digital auctioning and promote sustainable trade.”

About Surplex

Surplex has been one of the leading European industrial auction houses for 25 years and trades in used machines and equipment worldwide. More than 125,000 customers are registered on the 18-language auction platform Surplex.com. More than 400,000 industrial goods have been sold at around 1,000 online auctions per year.

About TBAuctions

TBAuctions is Europe's leading digital multi-brand auction platform (Troostwijk Auctions, Klaravik, Auksjonen, PS Auctions, British Medical Auctions, Vavato and Auktionshuset dab) for used B2B goods, with over 1,000 team members in the Nordics, Benelux+UK and Continental Europe. Their motto: "Everything has a value." By using technology, automation and economies of scale, we make auctioning more effective and efficient.