TBAuctions and Surplex Join Forces to Expand Across Europe 

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.

Photo: https://mma.prnewswire.com/media/2475481/TBAuctions_Surplex.jpg

View original content:https://www.prnewswire.co.uk/news-releases/tbauctions-and-surplex-join-forces-to-expand-across-europe-302216819.html