TBAUCTIONS ACQUIRES DANISH AUKTIONSHUSET DAB
Auktionshuset dab will become one of the brands of parent company TBAuctions, which is also active with other online auction brands in the Netherlands, Belgium, Norway, Sweden, Germany, France and the United Kingdom. Auktionshuset dab, which specializes in insolvency and project auctions, adds important knowledge of the Danish market to the TBAuctions organization. Herberth Samsom, CEO of TBAuctions: “By integrating Auktionshuset dab on our scalable online auction platform ATLAS, they can accelerate growth and thus make an important contribution to further building our European footprint.”
Auktionshuset dab covers the entire Danish market and maintains excellent relationships with many lawyers in Denmark with specializations in insolvency and project auctions. The TBAuctions organization expands existing Nordic presence with this Danish acquisition. “Auktionshuset dab is the prime example of a specialized, successful online auction platform that is reaching the limits of growth,” says Samsom, “we notice that smaller auction houses are keen to become part of the TBAuctions organization. The technology of our ATLAS online auction platform, developed by TBAuctions internally, enables us to quickly integrate other auction houses on this platform. As a result, they can continue to grow at an accelerated pace without doing major investments in IT themselves.”
Larger international bidder base
Kåre Madsen, one of the owners of Auktionshuset dab, is excited to be joining the TBAuctions family. “We look forward to working with our new colleagues from TBAuctions. We can learn from each other and thus improve our market approach. Moreover, we now have access to a larger international bidder base, which increases our reach exponentially, and represents a new level of reach for our Danish sellers. We therefore expect that the number of sellers will increase, something that will subsequently attract more bidders.”
About Auktionshuset dab
Online auction platform Auktionshuset dab is a full-service auction house that has appraisals, marketing, customer service, sales and storage facilities under one roof, with a special focus on insolvency auctions and large project auctions. The company has 14 employees and covers the entire Danish market with its three locations in Aarhus, Bording and Zealand.
ABOUT TBAuctions
TBAuctions (TBA) is Europe’s leading online auction platform for B2B used industrial equipment with over 1,000 team members across the Nordics, Benelux +UK, and Continental Europe. We believe that Everything Has Value. With our proprietary intelligent auctioning platform, we make the process of buying and selling more effective and efficient by using technology, artificial intelligence (AI), automation, and economies of scale. TBA’s digital auctions make this happen by creating a cross border platform that offers a perfect match between demand and supply of used business goods. Together with our brands (Auksjonen, British Medical Auctions, DAB, Klaravik, PS Auctions, Troostwijk, and Vavato), TBA brings sustainable trade to a higher level. Sourcing locally and selling globally, millions of products are auctioned every year. Our vision is to be the first and most trusted choice to buy and sell used business assets, maximizing their lifespan and value; accelerating the circular economy. We are passionate about making digital auctioning the best option to create value for B2B sellers and buyers. We seamlessly connect close, easy, and fast sourcing with global demand by multiplying the power of our people, technology, and data. In doing so, we will build a profitable business, reward and develop our people, and extend the lifecycle of assets to reduce waste and emissions.
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