Industry Council West

What Industry Council West does

Industrierat West GmbH & Co. KG is a German industrial auction house headquartered in Erkrath that specializes in the valuation, disposal, and online auction of industrial machinery, equipment, vehicles, and company assets. Its primary customer base comprises insolvency administrators, creditors, and industrial companies seeking to liquidate assets arising from insolvency proceedings, corporate restructuring, or facility closures, with industrial buyers and dealers forming the demand side of the marketplace.

The firm's core offerings are organized around online and on-site auctions powered by Bruno Waddey's auction software, including a recurring nationwide weekly vehicle online auction (Kfz-Onlineversteigerung) and episodic industrial lots such as the Deutsche Nickel GmbH insolvency mandate of approximately 1,300 positions and MOCVD semiconductor equipment. Complementary services include Bewertungsgutachten (valuation reports for movable and immovable property), Unternehmensverkäufe (corporate sales advisory covering divisions, participations, patents, and trademarks), Verwertungen (asset disposal), and Immobilien (real estate auctions). The platform supports both self-service online bidding through registered bidder accounts and on-site auctions requiring a bidder card with a cash deposit.

Industrierat West operates on a transaction-fee revenue model, earning a standard 18% commission (Verwertungsaufgeld) on the net hammer price with 19% VAT applied on top of the net price plus commission. Managing Director Ralf Schwarz is a publicly appointed and sworn auctioneer for machinery and industrial plants by IHK Köln, and the firm holds ISO 9001:2015 certification audited by DQS, together with licenses under §34b and §34c GewO. The company is privately held, structured as a GmbH & Co. KG registered in Wuppertal, with a small team of 1–10 employees and a nationwide operational footprint across Germany.

Name

Industry Council West

Legal name

Industrierat West GmbH & Co. KG

Website

https://industrierat-west.de

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Industrierat West is a German industrial auction house conducting online and on-site auctions of machinery, vehicles, equipment, and real estate, serving insolvency administrators, distressed industrial sellers, and asset buyers across Germany under a regulated auctioneer license.

Ownership category

akta.pro rank

Product category

Industrial Auction Services

NAICS

Industrial Supplies Merchant Wholesalers (423840)

SIC

Wholesale-Industrial Machinery & Equipment (5084)

akta.pro primary industry

B2B Liquidation Auctions & Asset Disposition Retail (CRAEAFAG)

akta.pro secondary industries

Wholesale Vehicle Auctions (Physical & Online) (TLABAKAA), Industrial Real Estate Auctions (BPAJAEAC)

Keywords

• Industrial auction services
• Asset valuation services
• Insolvency asset sales
• Machinery disposal services
• Online auction platform

Headquarters

HQ city

Erkrath

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Auction commissions (Verwertungsaufgeld): The company earns a commission fee (Verwertungsaufgeld) of 18% on the net price of auctioned items. Additionally, VAT of 19% is applied on top of the net price plus commission. The company conducts auctions for industrial machinery, vehicles, equipment, and company assets from insolvency proceedings and asset disposals.
2. Valuation services (Bewertungsgutachten): Creation of valuation reports for movable and immovable property, companies, and business units.
3. Company sales (Unternehmensverkäufe): Advisory services and mediation for the sale of companies, company divisions, participations, programs, patents, trademarks, movable assets, and real estate.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Industry Council West (Industrierat West GmbH & Co. KG) operates a German industrial auction house that runs online and on-site auctions of industrial machinery, vehicles, and equipment — predominantly assets from insolvency proceedings and corporate liquidations. It complements its core auction services with professional valuation reports (Bewertungsgutachten), asset disposal services (Verwertungen), corporate sales advisory (Unternehmensverkäufe), and real estate services (Immobilien), and runs a weekly nationwide online vehicle auction.

Product overview

Industrierat West GmbH & Co. KG operates as an industrial auction house offering a unified platform of services centered around online auctions and asset disposition. The core offering consists of Online-Versteigerungen (online auctions) for industrial and insolvency assets, complemented by the specialized Kfz-Onlineversteigerung (vehicle online auction) held weekly. Supporting services include Bewertungsgutachten (valuation reports), Unternehmensverkäufe (corporate sales), Verwertungen (asset disposal), and Immobilien (real estate services). The platform features rotating featured auctions of industrial equipment, semiconductor manufacturing systems, injection molding machinery, and exhibition construction equipment. The company operates as a licensed auctioneer under German trade regulations (§34b and §34c GewO) with ISO 9001 certification.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Auctions (Online-Versteigerungen) International industrial and insolvency auctions conducted online and on-site, where registered bidders bid in real time on industrial machinery, equipment, vehicles, and company assets sourced from insolvency administrators and industrial clients.
• Weekly Online Vehicle Auction (Kfz-Onlineversteigerung) Weekly nationwide online auction of vehicles — primarily from insolvency proceedings — held every Friday at 10:00, with locations across Germany and online bidding access.
• Valuation Reports (Bewertungsgutachten) Professional value assessments and expert appraisal reports for movable and immovable assets, real estate, companies, and business units, prepared by certified expert witnesses for use in insolvency, sale, or financing contexts.
• Corporate Sales Advisory (Unternehmensverkäufe) Advisory and brokerage services for the sale of companies, business divisions, participations, programs, patents, trademarks, movable assets, and real estate.
• Asset Disposal Services (Verwertungen) Professional liquidation and disposal of fixed assets and current assets from industrial companies, executed through the firm's auction platform and on-site processes.
• Real Estate Services (Immobilien) Sales and auction of commercial and industrial real estate offered as part of the firm's broader disposal and corporate sales service portfolio.

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Bruno WaddeycoreTechnology or IntegrationBruno Waddey provides the online auction tool/platform used by Industrierat West for conducting their online auctions. This is a critical technology partnership enabling their digital auction operations.
• ORCA Industrieservice GmbHminorImplementation/ SI/ Consulting PartnerRecommended dismantling service partner for buyers of heavy industrial equipment, located in Essen, Germany. Provides professional disassembly and removal services.
• DEXAR GmbHminorImplementation/ SI/ Consulting PartnerApproved dismantling company per AwSV (Ordinance on Facilities Handling Water-Hazardous Substances) for specialized industrial disassembly requirements, based in Witten, Germany.
• National Bank AGminorOthersBanking partner for payment processing. Payments for auction wins are made to National Bank AG accounts.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• NetBid Industrie-Auktionen AG: NetBid is a German industrial auction house specializing in online auctions of machinery, production lines, and company assets from insolvency and restructuring — a domestic direct peer with a comparable target customer base.
• Surplex GmbH: Surplex is a German-headquartered online auction house for used industrial machinery, equipment, and plant assets — operating a directly comparable B2B model with online and on-site auctions for insolvency and corporate clients across Europe.
• Euro Auctions: Euro Auctions conducts unreserved on-site and online auctions of construction equipment, agricultural machinery, and industrial vehicles across Europe — competing for similar industrial and commercial asset categories.
• Troostwijk Auctions: Troostwijk is a large European industrial and commercial auctioneer running online and on-site asset auctions for insolvency, restructuring, and corporate clients — directly overlapping with Industrierat West's industrial asset disposition model.

Broad incumbents

• Liquidity Services: Liquidity Services operates a large online marketplace and auction platform for surplus industrial and commercial assets globally — a broader incumbent with comparable industrial disposition capabilities and transaction-based revenue model.
• Hilco Industrial: Hilco Industrial is a global asset disposition and valuation firm serving industrial, commercial, and retail clients with a much broader geographic and service footprint than Industrierat West, but overlapping heavily on industrial machinery liquidation and insolvency mandates.
• GoIndustry-DoveBid: GoIndustry-DoveBid operates a global online marketplace for used industrial assets, capital equipment, and surplus inventory — competing in the same industrial asset auction category with broader geographic reach.
• Ritchie Bros. Auctioneers: Ritchie Bros. is a large global auctioneer of heavy equipment, trucks, and industrial machinery — overlapping on industrial and vehicle auctions at much larger scale and broader geographic footprint.

Regional players

• BPI Auctions: BPI Auctions is a French-based industrial auctioneer with European reach for machinery and equipment from insolvency proceedings and corporate closures — comparable in service model with regional rather than German focus.
• Karner & Co. Industriegutachten: Karner is an Austrian industrial auctioneer and valuation specialist serving German-speaking markets with insolvency-driven machinery and plant auctions — overlapping with Industrierat West's value proposition but anchored in Austria rather than Germany.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Industrierat-West-GmbH-Co-KG-100064933015031
• LinkedInlinkedin.com/company/industrierat-west-gmbh-co-kg
• Instagraminstagram.com/industrierat.west
• Xx.com/industrierat

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Industry Council West