Online auction platform for used business equipment
TBAuctions at a glance
TBAuctions (“TBA”), Europe’s leading digital auction platform for B2B used goods, operates with over 1,000 team members across the Nordics, Benelux, UK, and Continental Europe. Embracing the belief that “Everything Has Value,” TBA utilizes technology, automation, and economies of scale to streamline auction processes.
Their proprietary platform, ATLAS, facilitates intelligent, crossborder auctions, enhancing user experience through self-service and precise matching of supply and demand. TBA champions sustainable global trade, annually auctioning millions of local products worldwide.
- Year acquired
- 2022
- Sector
- Online Auctions
- Revenue
- EUR 180m
- Location
- The Netherlands
- Employees
- 864
- Website
- https://tbauctions.com/
- Investment theme
- Resource Efficiency
- Contact
- christian.melby@summaequity.com
- Gross profit
- EUR 131m
Key developments in 2023
In 2023, TBA has developed with focus on M&A, recruiting, ATLAS and organizational improvements. 2023 acquisitions include FMJ Salg/NFE, DAB and EPIC, which have strengthened TBA’s position in Norway, Netherlands, and Denmark. On recruiting, new CEO, CHRO, CTO and Head of Data started in 2023, and the migration to the ATLAS platform is progressing. Lastly, price and cost improvements are underway to ensure growth and profitability across brands.
What are the challenges TBAuctions addresses
-
2x
estimated increase in global raw material usage by 2060, causing severe environmental damages
-
15-20%
of GDP in advanced economies in Europe is associated with informal transactions
How does TBAuctions help?
Reality today
Unsustainable consumption leads to resource depletion as valuable assets may become unused or discarded, while reused goods often change hands through informal transactions, contributing to reduced illicit financial flows and price transparency.
TBAuctions’ approach
TBA enables the reuse and re-commerce of business assets, effectively decreasing the use of natural resources and waste. In addition, the platform facilitates secure and transparent transactions and compliance in core and emerging markets, giving buyers access to more modern technology at fair pricing.
Aspirational future
A less wasteful, more circular economy that provides equal access to fair and transparent pricing while supporting a prosperous environment and biodiversity.
Who is impacted?
TBA serves approximately 33k sellers and approximately 568k bidders. These sellers and bidders are businesses and consumers primarily located in Europe.
Contribution
TBA contributes to increased reuse of equipment, leading to more sustainable consumption and thereby less resource depletion and waste going to landfills. In addition, they contribute to a more transparent reused goods market.
Risks
There is a risk that reselling old machinery may become unsustainable compared to new resource-efficient machinery. Additionally, the lower price levels of used and surplus goods on auction platforms vs new goods may promote increased consumption.
