The client is a leading medical technology company specialized in manufacturing medical devices, instrument systems and reagents.

A long-term client of EquipNet’s reached out seeking assistance with selling surplus medical device assets at the company’s facility in Mexico. The client requested clearance within three months; with such a short window to sell the assets, EquipNet’s Specialists recommended a Dedicated Sealed Bid auction event.

Equipment to be sold included 16 Injection Molders from Engel Canada and Nissei.

In preparation for the auction event, EquipNet provided an onsite inventory of the equipment available for sale. A comprehensive sales and marketing plan was implemented, including email blasts and direct sales calls to relevant end user buyers.

EquipNet was able to secure a single buyer to purchase all 16 assets in the sealed bid within the client’s requested timeframe, resulting in $54,000 in sales return for the company. All logistics needs were handled by EquipNet as well, allowing the client to have a seamless asset management plan from start to finish.