Wallenius Wilhelmsen has recently announced to invest in an online used equipment platform company called Equippo. Equippo was founded in 2014 and had a total of 35 employees. The company headquarter is in Switzerland and operates in other countries such as Germany, France, the Netherlands, and Belgium.
Mr. Mike Hynekamp, COO of logistics at Wallenius Wilhelmsen, stated, “We see value in increasing the lifecycle of used high and heavy machinery. To assist in getting access to use machinery in developing markets that inevitably help develop infrastructure is the right thing to do. Equippo has the online platform to connect sellers and buyers, and we have the vessels, the global network of logistics solutions required to bring the machines around the world.”
Mr. Haynekamp believes that the future of the logistics industry will see new networks of players that are not necessarily connected today. He continues by adding, “Sustainability is a broad area; while we always seek value creation, this initiative is also about helping to extend how long machines are operational and in use. They are in high demand in mature and developing economies where the workforce is abundant, but machine power scarce.”
“If we can facilitate adding, let’s say, a decade to a machine’s useful life, that could benefit the lifetime residual value of new machines and at the same time make a big difference to those that don’t have access to machines today. Helping extend machinery lifecycles is not the sole solution, but it is one of many initiatives that will help contribute towards a more sustainable future.”
Equippo is known to be the leading full-service marketplace for construction companies in Germany and France, with a potential for further growth both in EMEA and other markets. The company is now focusing on expanding its market presence in Germany.
“Global second-hand equipment deals are easy using the Equippo platform. Few companies offer comparative services. Equippo’s main advantage is the combination of an online auction solution and offer-based marketplace, with buyer protection and a safe payment system and delivery included,” says Mr.Hynekamp
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