TBAuctions, the parent company of Troostwijk Auctions, acquired the German Surplex. This strategic move accelerates TBAuctions' growth in seven new countries, including Spain, Poland, and Romania. It also strengthens TBAuctions' presence in Germany, France and Italy, while the Amsterdam-based auction platform adds industry expertise in metalworking and woodworking.
Tom Christenson, CEO of TBAuctions, said: "Surplex has a great team, valuable customers and a strong brand in Europe. Together with TBAuctions' technology platform and brands, we see opportunities for further growth through our complementary services, values and people. This acquisition marks an important milestone for us in revolutionizing the auction world."
Michael Werker, Managing Owner of Surplex, said: "It makes a lot of sense for Surplex to merge with TBAuctions. We share similar values, a commitment to excellent customer service, and a passion to drive the circular economy."
Uli Stalter, Managing Owner of Surplex, stated: "The combination of skills and geographical footprint between Surplex and the TBAuctions brands makes us the ideal auction partner for both buyers and sellers in various industries across Europe."
Image source - Pexels.
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