GoIndustry DoveBid

GoIndustry DoveBid (3)

Wednesday, 29 August 2012 10:47

Liquidity Services Acquires GoIndustry DoveBid

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Liquidity Services, Inc. (NASDAQ: LQDT) announced it has completed the acquisition of GoIndustry DoveBid, a global provider of surplus asset management, auction and valuation services, for 73 pence per share and assumed indebtedness, or total transaction price of $31 million USD.

The acquisition of GoIndustry enhances Liquidity Services’ ability to deliver surplus asset management, valuation and disposition services to large enterprises across North America, Europe and Asia. Through offices in over 20 countries and its proprietary AssetZone® asset management platform, Liquidity Services and GoIndustry enable clients to strategically manage investment recovery activities across global locations consistently, transparently and in compliance with company, domestic and international rules and regulations.

In addition, the acquisition of GoIndustry further expands Liquidity Services leading online marketplace for surplus assets, adding over 458,000 professional buyers and more than 1,000 annual online sales events across a broad range of industrial capital assets.

“This strategic combination expands our seller base by adding over 50 Fortune 1000 clients across complementary vertical market segments, enables us to offer important new services and broader global coverage to our existing sellers, and grows the buyer base for our online marketplaces,” said Bill Angrick, Chairman and CEO of Liquidity Services. “Our combined offering will enable corporations to efficiently manage, value, redeploy and sell surplus and idle equipment around the globe with a uniformly high level of service and transparency. Our complementary strengths, unmatched buyer base and know-how clearly position Liquidity Services as the trusted provider of choice for Fortune 1000 corporations in the reverse supply chain.”

During calendar year 2011, GoIndustry recorded approximately $211 million of gross merchandise volume.

Liquidity Services, Inc. (NASDAQ: LQDT) provides leading corporations, public sector agencies and buying customers the world's most transparent, innovative and effective online marketplaces and integrated services for surplus assets. On behalf of its clients, Liquidity Services has completed the sale of over $2.8 billion of surplus, returned and end-of-life assets, in over 500 product categories, including consumer goods, capital assets and industrial equipment. The company is based in Washington, D.C. and has approximately 760 employees.

For more information, visit: www.go-dove.com or www.liquidityservicesinc.com

GoIndustry DoveBid (LSE: GOI), a leading provider of surplus asset management services, announced that it has launched new industry-focused pages on its website in order to highlight its service offerings to a wide range of industries. The new pages span the industries of BioPharma, Broadcast, Computing, Electronics, Food Services, Industrial, Transportation and more.

GoIndustry DoveBid’s services provide companies with end-to-end solutions for managing their surplus assets, recognizing value and maximizing their return on investment for the entire range of industrial equipment. These services include real-time market and on-site valuations, internal redeployment solutions, and multiple sales channels. The new pages will provide more relevant information for both buyers and sellers of surplus equipment of what is available and options available to them. In addition, industry-specific details on investment recovery programs and redeployment initiatives are aimed to assist major manufacturing groups.

The new pages are organized into 8 major industry groups, with each group providing comprehensive information on how GoIndustry DoveBid can facilitate the buying, selling, managing and valuing of assets within that particular industry, along with a real-time list of featured sales events, equipment sold and news specific to that industry.

Linked to each industry group are pages dedicated to particular equipment categories. Each page displays all the top assets available within that category of equipment and features a powerful search function that makes it effortless to find a specific piece of equipment.

To simplify navigation of the pages, links are provided so a viewer can browse equipment by sub-category and bookmark, share or track new activity via RSS or Twitter.

For more information, visit: www.go-dove.com/industry

GoIndustry DoveBid (LSE: GOI), a leading provider of asset management services, announced that it will conduct an online auction of a late model CNC & tool & die facility for precision prototype design.

The online auction will be conducted over the Internet at GoIndustry DoveBid’s Website beginning on Wednesday, March 21st at 9:00 AM Pacific Daylight Time and ending on Thursday, March 22nd. This auction features a large offering of Machine Tools and Prototype Design Equipment, including a 2010 Mori Seiki Accumill 4000 3-Axis CNC Vertical Machining Center, a 2010 Objet Connex500 Multi Material 3D Printing System, a 2010 Beam Dynamics LMC-8000 4’ x 4’ Laser Machining Center with Coherent 400W Laser and a 2010 Flow 016670-3 Waterjet Cutter and more. A preview of the assets will take place by on Wednesday, March 21st, 2012 from 9:00 AM to 4:00 PM PDT or by appointment.

Detailed preview information, asset catalog, and bidding instructions are available at: www.go-dove.com/event-16339

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