This strategic move accelerates TBAuctions’ growth into seven new countries including Poland, Portugal, Romania, Czech Republic, Hungary, and Serbia. It also bolsters TBAuctions’ presence in Germany, Spain, France, and Italy, while adding deep industry vertical expertise in metal and woodworking. By becoming part of the TBAuctions family, Surplex clients will now have access to source sellers from 20 countries, sell over 1.6 million assets receiving bids from 750k bidders from over 175 countries, generate hammersales of more than €1.6 billion.

The sale of used business equipment and digital auctions as a channel for the trade of these assets are growing very rapidly in Europe. This is driven by advancements in technology, increased digital adoption, and a shift towards sustainability. Online auctions make it possible to reach out to buyers outside once own area and give potential buyers a wider choice. Surplex joining forces with TBAuctions would be able to further benefit from these trends, enhance service offering to buyers, and enable entrepreneurs to sell their used business goods to 750k bidders across Europe. This move aligns with TBAuctions’ strategy to achieve sustained growth through technology.

Founded in 1999 in Düsseldorf, Germany, Surplex has built a strong reputation across Europe with offices in 16 countries, specializing in installed industrial machinery for metal and woodworking for worldwide commercial buyers. This complements well with TBAuctions’ position in the Nordics and Benelux focused more on mobile equipment.

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.