Wallenius Wilhelmsen Group, the Norwegian-Swedish global leader in equipment and vehicle logistics with 8200 employees, is leading a major funding round for Equippo, a full service marketplace for used construction equipment. The proceeds will be used to expand market reach in Europe and to develop a new software product for construction and rental companies.
Equippo uses different technologies to enable complex international transactions, such as a final price calculator for worldwide high and heavy shipments and AI driven price evaluations. Founded in 2014 in Switzerland, the company has expanded into Germany and France and has become an important disruptor of traditional auction houses, achieving rapid growth across Europe whilst the two largest market players are seeking regulatory approval for a merger.
The participating investors in the growth round are the Wallenius Wilhelmsen Group and two leading Swiss Venture Capital firms, btov Partners and Venture Incubator. With the proceeds of this substantial investment, Equippo aims to further expand its market presence in Europe and develop a new software product for construction and rental companies, enabling construction companies to reduce fleet costs and to improve their equipment fleet’s lifecycle emissions.
Mike Hynekamp, COO of Wallenius Wilhelmsen group, comments on the recent start-up investment: “We are very keen to support disruptive start-up companies in the context of our lifecycle logistics strategy with such investments, as well as our experience. Equippo has built an amazing product, and we strongly believe their jobsite to jobsite approach has the potential to change the entire market and look forward to supporting with a new connection to our end to end logistics strategy”.
(Press release / SK)
Picture: Equippo Auction Yard (Equippo)
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