The client is a leading pharmaceutical company focused on innovative medical research and product development.

A long-term corporate client of EquipNet’s requested assistance with a site closure in France. Assets to be managed and sold featured a range of lab and analytical assets and processing equipment, including Laser Encoders, Homogenizers, Gas Chromatographs, Analyzers, Spectrophotometers, Incubators, HPLCs, and much more.

The client’s closure deadline was approaching in four months leaving a small window to find relevant buyers and maximize sales return.

EquipNet handled all aspects of the project from start to finish, including the initial onsite inventory, internal redeployments, coordinating logistics services, and more. The redeployments to other facilities in the client’s network included areas across Europe, South Africa, and the United States. The additional assets were placed on EquipNet’s online MarketPlace for negotiated sale for a six-week timeframe. From there, a Sealed Bid auction event ran for six-weeks to sell through the remaining inventory.

EquipNet’s comprehensive service plan achieved €790,000+ in redeployment savings and over €250,000 in sales proceeds for the client within the set timeframe. The majority of the assets were successfully sold and managed, and the client was very satisfied with the results.