Surplex raises $27 million
Surplex, a European asset recovery solutions provider for surplus machinery, which recently established headquarters for the Middle East region in Bahrain, has completed a second institutional financing round in Europe amounting to €30 million ($27 million).
According to Bruno Schick, CEO of Surplex.com, "This investment is a clear vote of confidence in our business model and we will continue to expand our market leadership in providing asset recovery solutions in Europe and around the world, particularly in the countries of the Middle East."
Surplex offers services in mediating the exchange of surplus goods between buyers and sellers. The company has grown since its founding in October 1999 to 13 offices in 10 countries. Sixty percent of its 129 employees are based internationally. With over 8,000 registered users, the company currently has more than 12,000 machines and other items on offer. ¯ (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)