FOR IMMEDIATE RELEASE
USA – Canton, MA
November 20, 2014
Strategic partnership with GraysOnline opens new opportunities in fast-growing markets
Leading global asset management specialist, EquipNet Inc. (Boston, Massachusetts, USA), has announced an expansion in the Australian and South East Asia markets through a new strategic alliance with GraysOnline. The agreement combines EquipNet’s strengths as the world’s leading asset management company for laboratory, production and packaging equipment in the pharmaceutical, biotech, chemical, food, beverage, and personal care sectors, with the region’s leading commercial and industrial auction company.
As a result of the partnership, current EquipNet multi-national clients will enjoy strengthened delivery and additional support in these important and fast-growing markets. GraysOnline will benefit from a route to developing services outside their traditional heavy-industry client base.
Tom Noonan, VP Auctions at EquipNet, said: “This alliance is great for the clients of both companies. And we are already meeting new businesses, with new projects, who want to take advantage of the combined power of EquipNet and GraysOnline. This looks set to be a very successful partnership.”
Adam Scharer, Executive General Manager – B2B at GraysOnline, added: “We are pleased to partner with EquipNet. Both companies understand the value that a specialist approach to asset management and equipment sales can bring to our clients in better prices, faster liquidity, and maximum ROI.”
Over the past 15 years EquipNet has grown from two people in a crowded back room of borrowed space, to more than 130 people in locations through North America, Latin America, Europe and Asia. EquipNet provides full asset management programs for some of the biggest corporations in the world: Merck, GE Healthcare, Johnson & Johnson, Novartis, Cargill, Mars/Wrigley, Unilever and Colgate-Palmolive, for example. To find out more about asset management with EquipNet and how the company can help maximise return on surplus or idle laboratory instrumentation or manufacturing equipment, visit: www.EquipNet.com.
The Massachusetts based EquipNet, Inc., has become the world’s largest specialist in asset management. The company offers a range of tools that allow companies to take control of their assets. For example, a proprietary software platform ARMS™ (Asset Redeployment Management System), can be installed across multiple sites, behind the firewalls of these companies, allowing an enterprise-wide online accessible program that aligns with the requirements of that particular company. This is part of EquipNet’s unique approach, developed to balance the needs of a client to realize maximum value for key assets, dispose of routine items in as timely way as possible, and deal with scrap and low-value residual materials too. EquipNet has the biggest online marketplace for laboratory, production and packaging equipment, and is the largest specialist auction vendor in the world. EquipNet’s main markets are in the pharmaceutical, biotech, chemical, food, beverage, and personal care sectors, where its specialty market knowledge is proven to deliver higher value than many of the ‘generalists’ in the market. For more information, please visit: www.EquipNet.com.
Ellen Chesterman, Kapler Communications
Phoenix House, Phoenix Park, Eaton Socon, Cambridgeshire, PE19 8EP, UK
Tel: +44 (0) 1480 471059; Fax: +44 (0) 1480 471069;