Blaaber Kompaniet AS together with Kabe Invest AS and other shareholders have sold 100% of the shares in Plustech AS and the Swedish sister company Plustech Sweden AB («Plustech»). Through plustech.com, Plustech is an important player in the sale of used vehicles, machines, and equipment. The buyer is Auksjonen.no AS, which is owned by TBAuctions B.V. («TBA»). The main owners of TBA are funds managed by Castik Capital S.a. r.L. («Castik»), and Summa Equity AB. Kabe Invest AS reinvests a significant part of the purchase price in TBA after the transaction. The agreement was signed on 14 November 2022 and the aim is to close the agreement at the end of December, subject to clearance from the Norwegian Competition Authority.
After the transaction, Plustech will take part in the professionalization that TBA has already carried out and further development and will reach a larger international market for selling used vehicles, machines and equipment.
Plustech has an important position in the market after 20 years of experience and is after fantastic efforts from the company’s employees one of Norway’s leading players for the sale of used machines, equipment and vehicles. When we now become part of one of the leading players in the European market on our area, I am confident that the professionalism and development to the next step will be taken care of in the best possible way», says founder and part owner Karstein Berg.
Plustech will continue its operations in Norway and continue to use its trademarks. Plustech will be integrated into the IT system of Auksjonen / TBA so that they can benefit from the scope and efficiency built up as well as take part in the online marketing and back-office assistance of TBA.
Auksjonen is amongst Norway's leading online auction sites for purchasing and selling used vehicles, machinery, and equipment, thus contributing to increased reuse. Auksjonen carries out sales for private and public businesses, private individuals, banks and finance companies, and the disposal of bankruptcy estates. In 2021, Auksjonen sold more than 26,500 objects, more than 574,000 bids were registered, and had more than 9 million visits and 79 million page views on the webpage auksjonen.no. Auksjonen has 60 employees and is headquartered in Tønsberg, Norway. Auksjonen aims to offer safe, documentable and transparent trades for buyers and sellers. For more information about Auksjonen, please visit www.auksjonen.no.
Plustech AS is, together with its sister company Plustech Sweden AB, one of the Nordic region's leading players in brokerage and auction of used construction equipment, trucks and buses. The company has sold equipment to over 85 countries worldwide. The heart of the business is plustech.com. In 2021, 1,653 objects were arranged through Plustech AS. Plustech.com had over 150,000 unique users and 1.2 million page views. In 2021, the two companies had a combined turnover of NOK 370 million, and currently have 18 employees. The head office in Trondheim houses the company's sales team and administration and is the base for outbound brokers in both Norway and Sweden. For more information about Plustech, please visit www.plustech.com.
TBAuctions is a leading online auction platform and marketplace for second hand and other "second chance" goods, operating through the brands Troostwijk Auctions (headquarter NL), Klaravik (SE/DK), BVA Auctions (NL), Vavato (BE), British Medical Auctions (UK), Auksjonen.no (NO) and PS Auction (SE). TBAuctions auctions movable and immovable goods on behalf of third parties through ATLAS, its proprietary IT platform for intelligent auctioning (IA). With over 2.9 million lots per year and over 30 million website visits per month, TBAuctions is one of the largest online auctioneers in Europe. TBAuctions is majority owned by funds managed by Castik Capital, with fund managed by Summa Equity as a minority shareholder. For more information about TBAuctions, please visit www.tbauctions.com.