TBAuctions expands circular economy in business equipment with Surplex

European companies today purchase around €250 billion worth of used business goods and equipment annually. As countries seek to reuse and recycle more of these goods to cut down on the extraction of virgin materials and emit fewer greenhouse gases that cause climate change, that market is expected to grow dramatically.

To reuse more commercial metal and woodworking machinery in Europe, particularly in the Benelux and Nordic regions, Dutch industrial used equipment marketplace TBAuctions purchased Düsseldorf, Germany-based machine supplier Surplex, said an August 9 press release.

“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,” said TBAuctions Chief Executive Tom Christenson. “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.”

Surplex Managing Owner Michael Werker said TBAuctions reflected Surplex’s corporate mission. “We share similar values, commitment to excellent customer service, and a passion to drive the circular economy,” he said.

Amsterdam-based TBAuctions deploys a connected bidder base, automation, AI, and scale to manage 750,000 bidders in almost 200 countries buying 1.6 million items annually. Companies that extend the life of used equipment in this manner shrink their carbon footprints.

The merger expands TBAuctions already broad reach, said Uli Stalter, a Surplex managing owner. “The combination of skills and geographic footprint between Surplex and the family of TBAuctions brands creates a comprehensive digital auction experience across Europe,” he said. ce/jd