Surplex Selected by Covisint for European Asset Recovery Services

Automotive e-business exchange strengthens its activities in the asset recovery area

    Berlin (ots) - Surplex, Europe's leading asset recovery solutions provider, announced today that it has been selected by Covisint to provide asset recovery services to its European customers. Through this agreement with Surplex, Covisint supplements its Asset Management technology and Covisint customers now have access to complete asset recovery solutions including internal asset redeployment and asset sales.

    "This agreement with Surplex allows our European customers to realize more value from the improvements in the reuse and sale of their surplus assets," said Lars Olrik, managing director, Covisint Europe. "Customers have instant access to a market leading suite of comprehensive and fully functional asset recovery services via Surplex."

    Surplex and Covisint's asset reallocation process will help companies reduce capital expenditures by redeploying idle assets within the company. Assets that are no longer needed by companies, and declared surplus, are then marketed through numerous international channels - allowing customers to attain the best possible prices for their surplus assets. Surplex also provides offline services, including financing, transportation, valuation, and installation of plant and machinery.

    Surplex CEO, Bruno Schick, says, "Surplex is offering Covisint customers its expertise in asset recovery and European-wide presence for surplus asset recovery and reselling. Covisint customers will benefit from direct access to a client base of more than 10,000 registered users. Furthermore, Surplex will support -online sales initiatives with offline marketing of the surplus assets via our 10 offices throughout Europe reaching a significant portion of the market."

    About Covisint

    Covisint, LLC is a global, independent e-business exchange providing the automotive industry with leading collaborative product development, procurement and supply chain tools that give its customers the ability to reduce costs and bring efficiencies to their business operations. Developed by DaimlerChrysler, Ford, General Motors, Nissan, Renault, Commerce One and Oracle, Covisint is currently located in Southfield, Michigan. The organization has also established offices in Amsterdam and Tokyo. For more information about Covisint, visit

    About Surplex

    Surplex is Europe's leading provider of asset recovery solutions offering complete online and offline solutions for corporate clients to obtain the highest value from their idle assets. Surplex was founded in 1999 with the support of private investors, venture capitalists and industrial investors.    Impressive financial support totaling approximately  50 million has been provided by Carlyle Internet Partners Europe, b-business partners (a new venture capital company of Investor AB, ABB,  Atlas Copco, Sandvik, SKF and others), Global Retail Partners, Henkel, Viventures, and others.  Additional information can be obtained at

ots Originaltext: Surplex AG

Bruno Schick
Surplex AG
Phone +49 30 726204 100

Thomas Hill
Phone +1 248 926 6998

Weitere Meldungen: Surplex

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