TBAuctions Market Research Report
Company Overview
Name:
- TBAuctions (TBA)
Mission of the Company:
- Sustainability: With the mission ‘nothing of value should be lost’, TBAuctions strives to make a positive impact on the planet by using products until the end of their lifetime.
- Optimal Pricing: Aims to find the optimal price by intelligently bringing together buyers and sellers.
- Positive Customer Experience: Ensures a seamless process for buyers from search, bidding, to payment and receipt of products.
Founding and Key Milestones:
- Founded: 2018
- Origin: Formed by the merger of Troostwijk Auctions and BVA Auctions.
Key People:
- Tom Christenson: Chief Executive Officer
- Brendan Bank: Chief Platform Officer
- Tijs Brouwers: Chief Financial Officer
- Jonas Egidius: Chief Technology Officer
- Monique de Jong: Director of Legal
- Kresten Pot: Director of People & Culture
- Sophia Kerkhof - Schneider: Chief Marketing Officer
Headquarters:
- Overschiestraat 59, 1062 XD Amsterdam, The Netherlands
Number of Employees:
- 1,000+ team members
Revenue:
- No information available
Known For:
- Europe’s leading multi-brand, digital auction platform for B2B used goods.
Products
Overview:
TBAuctions offers various products through its proprietary auction platform (ATLAS), focusing on the seamless integration of technology, standardization, automation, and economies of scale to match supply and demand efficiently.
Key Features:
- Proprietary Intelligent Auction Platform (ATLAS): Enables self-service and seamless cross-border auctioning.
- Sustainable Trade: Emphasizes local sourcing and global selling, auctioning millions of products annually.
Auction Brands:
1. Troostwijk Auctions
- Market: Industrial
- Headquarters: Netherlands (troostwijkauctions.com)
2. British Medical Auctions
- Market: Industrial & Medical
- Headquarters: United Kingdom (britishmedicalauctions.co.uk)
3. Auktionshuset dab
- Market: Industrial & Consumer
- Headquarters: Denmark (auktionshuset.dk)
4. Klaravik
- Market: Small and Medium Enterprises
- Headquarters: Sweden (klaravik.se)
5. PS Auction
- Market: Industrial & Consumer
- Headquarters: Sweden (psauction.com)
6. Surplex
- Market: Metal & Woodworking
- Headquarters: Germany (surplex.com)
7. Auksjonen
- Market: Industrial & Consumer
- Headquarters: Norway (auksjonen.no)
8. Vavato
- Market: Consumer & Business
- Headquarters: Belgium (vavato.com)
Sourcing Brands:
1. Dechow
- Market: Valuations & Advice
- Headquarters: Germany (dechow.de)
2. Karner & Dechow
- Market: Valuations & Advice
- Headquarters: Austria (karner-dechow.at)
3. Bjarøy
- Market: Valuations & Advice
- Headquarters: Norway (bjaroy.no)
Recent Developments
Recent Partnerships and Acquisitions:
- 8 August 2024: TBAuctions and Surplex Join Forces to Expand Across Europe
- 8 August 2024: Press release on the strategic significance of TBAuctions’ acquisition of Surplex, indicating a strong move to consolidate their market position in Germany.
New Market Expansions:
- 21 March 2024: Klaravik expands to Finland, marking their first auctions on Finnish soil.
New Mergers:
- 27 February 2024: Epic Auctions becomes part of Troostwijk Auctions, enhancing TBA's service portfolio.
New Corporate Identity:
- 26 February 2024: TBAuctions launches a new brand identity under the motto "Everything Has Value".
Leadership Changes:
- 22 February 2024: Carita Nero becomes the new CEO of Klaravik, succeeding Christian Lenander, the founder.
Summary
TBAuctions leads the European market in multi-brand, digital auctions for B2B used goods. The company is characterized by its commitment to sustainability, optimal pricing strategies, and providing seamless customer experiences. TBAuctions operates a proprietary platform, ATLAS, ensuring efficient and intelligent auctioning. With strategic mergers, acquisitions, and expansions, TBAuctions continues to evolve, fostering local sourcing and global selling practices.
