The client is a leading global pharmaceutical conglomerate that is consistently ranked as one of the top three pharmaceutical companies in the world.

The client reached out to us regarding a need for asset management solutions for a facility producing replacement femurs, vertebrae and other surgical instruments. The major assets at this facility included 5-Axis Profile Grinders, Centrifugal Tumblers, Welding Systems, CNC Machining Centers and Ultrasonic Cleaners. This particular site is regularly upgrading equipment and needed an efficient and convenient turn-key solution to remove and consign the idle assets and free up space for the newer assets. As this equipment is generally very large, floor space is scarce and timing is of the essence.

Using these services with the aid of EquipNet’s specialists, the client was able to

have a successful and profitable experience guaranteeing future relations with EquipNet.

•Project Management                      •Onsite Inventory

•Certified Appraisals                        •Global Consignment

• Worldwide Logistics                      •ARMS

• Individual Asset Sales                   •Online Auction Event

EquipNet successfully managed over 250 assets and the client was able to identify needs in other facilities and redeployed six assets, saving the company $1.7 million while earning $256,000 in sales.