Surplex Selected by Covisint for European Asset Recovery Services / Automotive e-business exchange strengthens its activities in the asset recovery area
11.04.2001, 09:30
Berlin (ots/PROTEXT) - Surplex, Europe's leading assetrecovery solutions provider, announced today that it has beenselected by Covisint to provide asset recovery services to itsEuropean customers. Through this agreement with Surplex, Covisintsupplements its Asset Management technology and Covisintcustomers now have access to complete asset recovery solutionsincluding internal asset redeployment and asset sales. "This agreement with Surplex allows our European customers torealize more value from the improvements in the reuse and sale oftheir surplus assets," said Lars Olrik, managing director,Covisint Europe. "Customers have instant access to a marketleading suite of comprehensive and fully functional assetrecovery services via Surplex." Surplex and Covisint's asset reallocation process will helpcompanies reduce capital expenditures by redeploying idle assetswithin the company. Assets that are no longer needed bycompanies, and declared surplus, are then marketed throughnumerous international channels - allowing customers to attainthe best possible prices for their surplus assets. Surplex alsoprovides offline services, including financing, transportation,valuation, and installation of plant and machinery. Surplex CEO, Bruno Schick, says, "Surplex is offering Covisintcustomers its expertise in asset recovery and European-widepresence for surplus asset recovery and reselling. Covisintcustomers will benefit from direct access to a client base ofmore than 10,000 registered users. Furthermore, Surplex willsupport -online sales initiatives with offline marketing of thesurplus assets via our 10 offices throughout Europe reaching asignificant portion of the market." About Covisint Covisint, LLC is a global, independent e-business exchangeproviding the automotive industry with leading collaborativeproduct development, procurement and supply chain tools that giveits customers the ability to reduce costs and bring efficienciesto their business operations. Developed by DaimlerChrysler, Ford,General Motors, Nissan, Renault, Commerce One and Oracle,Covisint is currently located in Southfield, Michigan. Theorganization has also established offices in Amsterdam and Tokyo.For more information about Covisint, visit www.covisint.com. About Surplex Surplex is Europe's leading provider of asset recoverysolutions offering complete online and offline solutions forcorporate clients to obtain the highest value from their idleassets. Surplex was founded in 1999 with the support of privateinvestors, venture capitalists and industrial investors.Impressive financial support totaling approximately 50 millionhas been provided by Carlyle Internet Partners Europe, b-businesspartners (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 beobtained at www.surplex.com
ots Original Text Service: Surplex AG Internet:http://recherche.newsaktuell.de
For further questions, please contact: Bruno Schick CEOSurplex AG +49 30 726204 100 bruno.schick@surplex.com
Thomas Hill Covisint +1 248 926 6998 thomas@nrwpr.com
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