Our client is a leading laboratory with operations in Colombia, specializing in the manufacturing of different biopharmaceutical products with a reputation for innovation and excellence, the company continually invests in the latest equipment to maintain its competitive edge. However, this also means they regularly upgrade and replace older equipment.

The laboratory faced the need to close one of it’s operation plants in Colombia, With a substantial inventory of valuable yet idle assets, the client sought to generate passive income by selling this equipment. Initially, they projected an income of $45,000 from these sales, but they were unsure how to effectively reach potential buyers and maximize their returns.

EquipNet stepped in with a tailored solution. Leveraging our global marketplace and expertise in equipment sales, we recommended our auction services to facilitate the sale of the lab’s pre-owned equipment. Our team managed the entire process, from inventory management and valuation to marketing and auction execution. This comprehensive approach ensured the lab’s equipment was presented to a broad audience of potential buyers.

The outcome exceeded the client’s expectations. Through EquipNet’s strategic auctions and extensive network, the company not only reached their target audience but also achieved higher-than-anticipated returns. Instead of the projected $45,000 USD, the client received an impressive $65,000 USD in new CAPEX income. 

144% fulfillment of sales expectations

EquipNet’s expertise and comprehensive auction services enabled our Colombian biopharmaceutical client to transform idle assets into substantial capital. This success story highlights our commitment to delivering exceptional value and support to our clients, helping them achieve their financial and operational goals.