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SMT & Inspection | March 05, 2008

GoIndustry acquires DoveBid

Industrial surplus machinery auctioneer GoIndustry is acquiring US rival DoveBid for up to £17 million.
The deal gives GoIndustry, which operates traditional and online sales in Europe, the US and Asia. ‘We were number one in Europe and Asia and they were our main competitor in the US,’ CEO John Allbrook, said. Boasting strong ties with insolvency practitioners and second-hand equipment dealers, GoIndustry has nothing to fear from global slowdown, seeing opportunities from bankruptcies and production shifts from west to east.

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