Surplex

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Surplex GmbH
IndustryUsed machinery trade
Founded1999
HeadquartersDüsseldorf, Germany
Area served
Worldwide
Key people
Michael Werker, Ulrich Stalter, Ghislaine Duijmelings
ProductsUsed metalworking machinery, used woodworking machines
Websitewww.surplex.com

Düsseldorf-based Surplex GmbH is an industrial auction house specializing in trading in second-hand machinery. The company buys and sells used machinery and industrial equipment worldwide, carries out online auctions and offers appraisals and valuations.[1][better source needed]

History

Foundation

Surplex.com AG was founded by the brothers Bruno and Florian Schick at the end of 1999 as a start-up company of the Dotcom-era.[2] The core idea was to develop an online marketplace that would simplify the trade in second-hand machinery and make the highly segmented second-hand machinery market more transparent.

International venture capital consortia such as the Carlyle Group[3] or the French Vivendi Group awarded a total of around EUR 50 million. Prominent private investors, such as Lars Schlecker, Lars Windhorst, Marc Schrempp or Fiat president Paolo Fresco also invested in Surplex.[4]

Surplex's B2B platform was named the best platform by Forrester Research in 2001.[5] Until 2006 Surplex published the world's largest trade magazine for used industrial goods, Communicator (circulation: 45,000).[citation needed]

Crisis (2001–2003)

With the bursting of the Dot-com bubble, Surplex.com AG also fell into a severe crisis. Branches were closed, the company headquarters were moved back from Berlin to Düsseldorf and most of the 140 jobs were cut.[6] In March 2003, the management was taken over by Michael Werker, who had come to Surplex from the traditional mechanical engineering group Deutz.[7]

Consolidation (2004–2009)

Between 2004 and 2009, the auction platform surplex.com was steadily developed. Since then Surplex has conducted large industrial auctions, e.g. for Linde, ABB, ThyssenKrupp and Bayer.[8]  The initially purely digital business model was supplemented by analogue services, as is customary in the classic machinery trade.[citation needed] With this strategy of dovetailing online and offline services, Michael Werker and Uli Stalter founded Surplex GmbH in early 2009.[citation needed]

Internationalisation (since 2010)

Surplex GmbH has been growing steadily since 2010.[citation needed] The number of employees increased from 15 to over 200 by 2020, while turnover climbed to almost EUR 100 million (2019).[citation needed] In 2013, the Italian Surplex Srl was founded as the first branch office outside Germany.[citation needed] Today,[when?] Surplex has offices in 13 European countries (as of November 2020), including Spain, France and the UK.[9][better source needed]

Since summer 2020, Ghislaine Duijmelings has been leading the company as its third managing director, alongside Michael Werker and Ulrich Stalter.[10]

Products

In 2020, the auction platform in 16 languages is the core of the business.[citation needed] With more than 500 auctions, over 55,000 industrial goods are sold per year.[citation needed] These industrial goods usually come from plant closures, restructurings or insolvencies.[11] Surplex offers direct sales as well as all offline services needed to trade used machinery globally. These include dismantling, loading and customs clearance. Under the brand name Valuplex, Surplex provides appraisals and valuations.[12][better source needed]

References

  1. ^ "Surplex Industry Auctions". Surplex.com. Retrieved 2021-04-22.
  2. ^ Susanne Ziegert (2000-06-14). "Alte Industrie verdient im neuen Medium". Die Welt (in German). Welt.de. Retrieved 2021-04-22.
  3. ^ "b-business Partners: Surplex Raises 30 Million Euro". Thefreelibrary.com. 2000-12-14. Retrieved 2021-04-22.
  4. ^ "Surplex.com AG, 36 Mio. Venture Capital". Press1.de. Retrieved 2021-04-22.
  5. ^ "Forrester Research". Golem.com. 2000-12-14. Retrieved 2021-04-22.
  6. ^ "Rote Karte für die Pink-Slip-Party" (in German). heise.de. 2001-05-01. Retrieved 2021-04-22.
  7. ^ "Personalien" (in German). Industrieanzeiger.de. 2003-06-16. Archived from the original on 2012-08-02. Retrieved 2010-09-02.
  8. ^ accessed on 5. October 2007 Archived March 30, 2010, at the Wayback Machine
  9. ^ "Surplex Industry Auctions". Retrieved 2021-04-26.
  10. ^ "The industry auction house Surplex is now managed by the team of three!". Retrieved 2021-04-25.
  11. ^ "Insolvency services at Surplex - who offers more?". Retrieved 2021-04-22.
  12. ^ "Expert reports and evaluation in times of crisis: An innovative approach by VALUPLEX". Retrieved 2021-04-22.
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