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12 December 2024 08:00

A Year of Transformation: Challenges and Opportunities for Industry and the Used Machinery Market in 2024

In 2024, the European industry faced a significant downturn, particularly in the machinery and equipment sector and the automotive industry. These developments also impacted the used machinery market: high-quality equipment from the automotive industry became increasingly available, while businesses increasingly opted for cost-effective used machinery to reduce investment costs – a clear trend in

Banks and financial institutions are increasingly relying on auction houses to achieve higher returns and enhance the efficiency of capital goods disposal. (© PreciousJ / Shutterstock.com).

9 December 2024 08:32

Changing Strategies in Capital Goods Disposal: Why Banks and Financial Institutions are Increasingly Turning to Auction Houses

The structure of capital goods disposal is evolving. While banks and financial institutions previously relied mainly on direct sales through machinery dealers, they are now recognising the benefits of specialised auction houses. These not only serve as local contacts for sellers but also achieve higher global revenues due to their extensive buyer base.
When companies can no longer service t

Selling unused machinery at year-end frees up budget for future investments. (© Surplex).

19 November 2024 09:14

5 reasons why the end of the year is the best time to sell machinery

Why is the end of the year the ideal time to sell unused machinery? Beyond financial and tax benefits, selling now offers a chance to free up space and budget for next year’s investments. On top of that, high year-end demand makes it easier to find buyers quickly and achieve attractive prices.
The end of the year is often a time for companies to review their financials and set the course for th

For a year now, he has been transforming the auction market: Tom Christenson, CEO of TBAuctions. (© TBAuctions).

2 October 2024 07:27

Underutilised opportunities: How auctions can succeed in the B2B market and where they currently fall short

The market for trading used industrial goods is already worth hundreds of billions, yet auctions account for only a small fraction of it. Many people associate auctions with financial distress and insolvency, while lack of awareness and a fragmented market pose additional barriers. Tom Christenson, CEO of TBAuctions, discusses the transformation of the auction business for used industrial goods ..

Nina de Souza, CPO of TBAuctions. (© TBAuctions).

24 September 2024 08:00

TBAuctions Appoints Deliveroo Executive: Nina de Souza becomes the new Chief Product Officer

TBAuctions, a B2B multi-brand online auction platform in Europe, appointed Nina de Souza as its new Chief Product Officer. The American-born executive starts this week in Amsterdam and brings years of product innovation experience at Deliveroo and Hotels.com. As Director of Product at Deliveroo, she was responsible for optimizing the platform's Consumer app. With De Souza's arrival, TBAuctions aim

Used machines can easily be sold via online auctions. The industrial auction houses Surplex and Troostwijk Auctions are competent partners in the used machinery trade. (© Billion Photos/Shutterstock.com).

17 September 2024 09:52

Companies in transition: selling old machines, utilising new opportunities

When the next generation takes over the management of a company, it often brings a breath of fresh air and new ideas. But innovation also means change: old machines that tie up capital or no longer work efficiently have to go to make room for modernisation.
After many years as managing director, the question of succession arises at some point. In a family business, this is ideally someone from

Five smart, digital tools create a sustainable, efficient and resilient circular economy of production machinery by efficiently connecting companies with the used machinery market. (© ALICIA Circular Manufacturing Ecosystem).

5 September 2024 14:48

EU project ALICIA creates circular economy for production lines

Circular economy meets Industry 4.0: How digital tools can shape the future of sustainable production. The EU project ALICIA aims to create a circular economy for production assets to minimise premature scrapping of machines and machine parts. Through the development of innovative digital tools, industrial companies and the used machinery market will be economically linked, allowing assets to