What TBAuctions does

TBAuctions is a privately held, Amsterdam-headquartered multi-brand digital auction platform for B2B used goods, operating across 16 European countries under the ownership of private equity firm Castik Capital. The company was formed in 2021 through the merger of BVA Auctions and Troostwijk and has since acquired British Medical Auctions and France Médical Enchères (2022), Epic-Auctions (2023), Surplex (August 2024), and Klaravik (January 2025), building a portfolio of nine regional brands that source used industrial machinery, medical equipment, vehicles, and commercial assets locally and sell them globally. The proprietary cross-border technology platform powers auctions across the portfolio, supporting 177-200M annual site visits, 700K-750K unique bidders in 175 countries, and 2.2M lots auctioned per year, generating approximately EUR 1.6B in hammersales.

The platform monetizes primarily through transaction-based commissions (buyer's premiums and seller commissions) on completed auctions, supplemented by enterprise services such as bankruptcy and corporate liquidation mandates. Distribution combines self-serve digital storefronts and mobile apps (e.g., Klaravik) with a direct enterprise field-sales team that secures anchor contracts such as the NHS Wales three-year medical-equipment deal beginning August 2025. The company invests in productized AI features, most notably the Predicted Lot Value agent deployed on Klaravik in Denmark and Sweden, alongside ESG and sustainability reporting integrations (Doconomy, Ålandindex), and operates ISO 9001 and ISO 14001 certifications within its brand portfolio.

TBAuctions targets the EUR 250B European used industrial equipment market, where auction-based sales remain under 2% penetrated (EUR 3.5B in 2023), positioning the platform to consolidate regional auctioneers and capture share from offline channels. With 1,200+ employees, a buy-and-build acquisition cadence of roughly one major deal per year, and a stated focus on ancillary services such as financing, warranties, insurance, and logistics, the company is building toward a full-stack circular-economy marketplace for business assets.

Name

TBAuctions

Legal name

TBAuctions Netherlands B.V.

Website

https://tbauctions.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TBAuctions is a privately held, Amsterdam-based multi-brand digital B2B auction platform operating nine regional brands across 16 European countries, enabling local sellers of used industrial, medical, and commercial assets to reach 750K+ bidders in 175 countries via proprietary cross-border technology, monetizing through transaction-based commissions.

Ownership category

akta.pro rank

Product category

Online Auction Platform

NAICS

Wholesale Trade Agents and Brokers (4251), Other Commercial Equipment Merchant Wholesalers (42344)

SIC

Wholesale-Construction & Mining (No Petro) Machinery & Equip (5082), Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047)

akta.pro primary industry

B2B Marketplaces & Wholesale Platforms (BPAMAGAD)

akta.pro secondary industries

B2B Liquidation Auctions & Asset Disposition Retail (CRAEAFAG), Cross-border B2B/Wholesale Trade Marketplaces (CRAFAJAC)

Keywords

• B2B online auctions
• Used industrial equipment
• Multi-brand auction platform
• Cross-border auctions
• Circular economy trading

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Auction transaction fees: Revenue generated from commissions on auction transactions conducted through the platform. The company facilitates the sale of used industrial goods and equipment through online auctions.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels10 records

Core offering

TBAuctions operates Europe's leading multi-brand digital auction platform for B2B used goods, facilitating online auctions of industrial machinery, construction equipment, medical devices, and other business assets. The proprietary cross-border platform connects local European sellers with a global buyer base across 175 countries, supporting 2.2 million lots auctioned annually through nine regional brands. Revenue is generated primarily through commissions on auction transactions.

Product overview

TBAuctions is a multi-brand digital auction platform for B2B used goods, formed by the merger of BVA Auctions and Troostwijk. The platform operates as a unified technology layer across nine regional brands (Klaravik, Surplex, Troostwijk Auctions, British Medical Auctions, France Médical Enchères, PS Auction, Auksjonen, Auktionshuset dab, HT Auctions and Valuations, and Vavato), enabling local sourcing and global sales. The proprietary cross-border platform supports millions of auction items annually across 16+ European countries. Key technology innovations include the Predicted Lot Value AI agent for automated valuation.

Differentiator

Problem solved

Functional benefit

Brands

• Auksjonen: Online auction platform for Norway
• Auktionshuset dab
• British Medical Auctions (BMA)
• France Médical Enchères (FME)
• HT Auctions and Valuations
• Klaravik
• PS Auction
• Surplex
• Troostwijk Auctions
• Vavato

Products and services

• TBAuctions Multi-Brand Digital Auction Platform Europe's leading multi-brand digital auction platform for B2B used goods, connecting local European sellers with global buyers across 175 countries through proprietary cross-border technology.
• Klaravik Leading Nordic marketplace for pre-owned machinery, tools, and vehicles, serving primarily Sweden, Denmark, and Finland with over 500,000 registered bidders.
• Surplex European industrial machinery auction house based in Düsseldorf, specializing in metal and woodworking machinery auctions across Continental Europe.
• Troostwijk Auctions Dutch-Belgian auction brand specializing in industrial machinery, construction equipment, and agricultural assets with strong performance in Benelux markets.
• British Medical Auctions (BMA) UK-based medical equipment auction specialist serving NHS and private healthcare sectors, auctioning medical devices and equipment to domestic and international buyers.
• France Médical Enchères (FME) French medical equipment auction brand, founded April 2019, providing auction services to clinics and hospitals in France and Belgium.
• PS Auction Swedish auction platform specializing in machinery, vehicles, and construction equipment, with ISO 9001 and ISO 14001 certifications and strong ESG reporting practices.
• Auksjonen Norwegian auction brand under the TBAuctions portfolio, serving the Norwegian industrial and used goods auction market.
• Auktionshuset dab Danish auction brand operating in the Nordic market, part of the TBAuctions multi-brand platform.
• HT Auctions and Valuations German auction and valuation services brand specializing in industrial asset valuations and auctions in Germany.
• Vavato Belgian auction brand specializing in industrial and commercial equipment, with notable charity partnerships including the Jan Vertonghen Foundation.
• Klaravik Denmark Buyer App Mobile application enabling buyers in Denmark to browse, bid on, and purchase items from Klaravik Denmark auctions via smartphones and tablets.

Quantifiable outcome

• 2 million tons of CO2 emissions avoided through digital B2B auctions in 2024
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature3 records

Partnerships

One partnership is on record.

• SurplexcoreStrategic or Co-development Partner · 7 August 2024TBAuctions acquired Surplex, a leading European industrial auction company, on August 7, 2024. This acquisition expanded TBAuctions' presence into seven new countries (Spain, Poland, Portugal, Romania, Czech Republic, Hungary, Serbia), increased annual site visits to nearly 200 million, expanded to 1.6M+ assets from 750K bidders across 175 countries, with hammersales exceeding EUR 1.6 billion.

Scale indicators16 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Auctionet: Sweden-based online auction platform specializing in branded used items, art, and antiques across Europe. Comparable to TBAuctions' Nordic brands (Klaravik, Auktionshuset dab) as a digital-first cross-border B2B/B2C auction marketplace, though with a smaller industrial-equipment focus.
• Liquidity Services: US-listed B2B auction marketplace operating GovDeals, Liquidation.com, and AllSurplus Deals for surplus and asset disposition. Closest US analog to TBAuctions' enterprise/government asset-disposal business model, with comparable vertical breadth and take-rate economics.
• B-Stock Solutions: B2B recommerce marketplace powering private-label liquidation auctions for retailers (e.g., Amazon, Walmart, Target). Operates a similar transaction-fee model with cross-border buyer pools and enterprise seller relationships, directly analogous to TBAuctions' vertical auction model.
• Proxibid: US online auction marketplace aggregating heavy equipment, industrial assets, and government surplus. Comparable asset-disposition use cases (e.g., machinery, fleet) and online-auction technology stack, serving a similar small-business and dealer buyer base as TBAuctions.

Broad incumbents

• Catawiki: European online auction platform for curated specialty items (art, watches, classic cars). Comparable in cross-border digital-auction infrastructure and European user base, though focused on higher-value collectibles rather than industrial/medical equipment.
• RB Global (Ritchie Bros. + IAA): Global operator of heavy-equipment and vehicle auction marketplaces (Ritchie Bros., IAA, GovPlanet, TruckPlanet). Comparable in industrial-asset auctioning and enterprise seller relationships, but significantly larger and North America–anchored, with broader vertical scope.
• Copart: Global online vehicle and heavy-equipment auction platform with a similar transaction-fee model and cross-border buyer network. While primarily vehicle-focused, its scale, technology investment, and B2B/cross-border auction mechanics are analogous to TBAuctions' platform strategy.
• eBay Business Supply: Generalist e-commerce marketplace with a large B2B industrial-equipment category. While broader than TBAuctions, it competes for the same small-business and dealer buyers of used equipment and represents the platform risk TBAuctions faces from commoditized marketplaces.

Regional players

• Bonhams: Global traditional auction house expanding into online and cross-border auctions, including industrial and collectible assets. Comparable in auction-mechanic expertise and enterprise seller base, but focused on higher-end items rather than used industrial equipment.

Others

• Marketplace Events (industrial trade shows): Operator of B2B trade shows and exhibitions for industrial equipment buyers and sellers. Indirectly competitive as an offline channel for used-equipment transactions that TBAuctions is digitally displacing; useful comparable for sizing the underlying B2B used-equipment market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@TechBidsAuctions
• Facebookfacebook.com/tbauctions
• LinkedInlinkedin.com/company/tbauctions
• Instagraminstagram.com/tbauctions

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TBAuctions