Document - 9 December 2024

PR_091224_Liquidation - Why banks are increasingly relying on auction houses.docx

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Contacts

Dennis Kottmann

Press contact Head of Marketing pr@surplex.com +49-211-422737-28

Nina Heidemann

Press contact Teamlead PR nina.heidemann@surplex.com +49-211-4227378-72

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

Used machines for your success

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. The company is based in Düsseldorf and has offices in many European countries, including Spain, Italy, and CEE. More than 200 provide a full service in 20 languages.
Surplex became part of TBAuctions in August 2024, 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. The TBAuctions group reach nearly 200 million annual site visits, sell over 1.6 million assets, receiving bids from 750k bidders in 175 countries, generating hammersales of more than €1.6 billion, and employing nearly 1,200 team members.