TBAuctions

TBAuctions operates a proprietary cross-border digital auction platform for used business and industrial goods. Its platform connects sellers and buyers across markets, with verified buyer identity, secured payment and transparent auction execution described as core to each transaction. The platform runs under nine local brands across the Nordics, Benelux, the UK and Continental Europe.

Sellers and buyers of used equipment are the customers, and the company earns from auction activity on its platform. The website reports net auction sales of approximately €1.5 billion, with 700,000 unique bidders and 46,000 unique sellers using its platforms each year. Vertical categories are described as ranging from construction to agriculture, and from metal working machines to medical equipment.

TBAuctions is majority owned by funds managed by Castik Capital, with Summa Equity and management as co-shareholders. The website states it employs more than 1,200 people across three regions. Its executive leadership includes a Group CEO and Chairman, a Group CFO and three regional general managers. Open roles listed include data, machine learning, marketing, operations and sales positions, mainly in Amsterdam and across Belgian, Danish and German locations.

Product: Digital B2B auction platform for used industrial and business equipment, operated through nine local brands.