EquipNet is a global leader in surplus asset management, offering innovative programs and solutions for managing and reselling equipment. Founded in 1999, EquipNet has revolutionized the industry with its cutting-edge asset management platform, extensive equipment marketplace, and project management expertise.

Headquartered in Canton, Massachusetts, EquipNet operates globally, with offices in 25 cities and business activities spanning over 170 countries. The company serves a diverse range of clients, from small businesses to multinational corporations, in industries such as pharmaceuticals, electronics, consumer packaged goods, and research and development.

EquipNet's marketplace features over 1,000 equipment categories, making it the most comprehensive resale platform for manufacturing, packaging, laboratory, testing, electronics, and facility support equipment.

In this article, we’ll explore EquipNet’s management and consulting services, its various auction offerings, and considerations to keep in mind when participating in lab equipment auctions.

EquipNet at a Glance: Services and Offerings

EquipNet is a global leader in surplus asset management, offering solutions tailored to industries such as pharmaceuticals, biotech, and manufacturing. Here’s a snapshot of the key services they provide:

• MarketPlace: An online platform for buying and selling pre-owned lab equipment, manufacturing machinery, and facility tools.
• Auctions: Multiple auction formats, including live/webcast auctions, SmartAuctions™, and sealed bid sales, connecting buyers and sellers worldwide.
• Own It Now: A service for purchasing equipment immediately at a set price, bypassing the auction process.
• Project Management: Support for managing asset redeployment, facility closures, buyer inspections, and demolition efforts.
• Worldwide Logistics: Comprehensive crating, packing, and transportation services for industrial and lab equipment.
• Additional Services: Investment recovery solutions, appraisals, asset tracking, lab relocation management, and proactive asset sales.

EquipNet’s robust platform and global reach enable companies to optimize their asset management strategies, reduce costs, and promote sustainability through the resale and redeployment of surplus equipment.

The Value of EquipNet Services

EquipNet provides comprehensive services that go beyond buying and selling equipment. Their solutions help organizations optimize surplus asset management and maximize financial returns.

Highlighted Services:

• Asset Redeployment Management Systems (ARMS™): A proprietary platform that allows companies to track, redeploy, and sell surplus assets efficiently.
• Lab Relocation Management: Streamlined lab relocation services, including packing, shipping, and unpacking equipment.
• Outright Purchase Program: Immediate financial returns by selling idle equipment directly to EquipNet.
• Worldwide Logistics: End-to-end shipping solutions for industrial and lab equipment, including crating and skidding.
• Procurement Program: Simplifies the acquisition of high-quality equipment, saving time and reducing risks when purchasing used instruments.

These services make EquipNet a valuable partner for organizations seeking cost-effective, sustainable asset management strategies.

Lab Equipment Auctions on EquipNet

EquipNet offers multiple auction services designed to connect buyers and sellers of surplus equipment. These options provide flexibility for sellers and accessibility for buyers.

Auction Types:

• SmartAuctions™: Allows sellers to accept the highest bid at any time, even if it doesn’t meet the reserve price, providing flexibility during the sale.
• Live/Webcast Auctions: Combines the real-time bidding experience of live auctions with the convenience of global online participation.
• Sealed Bid Sales: Buyers submit one confidential bid, and sellers retain full control over accepting or rejecting offers after the deadline.

Auctions are ideal for organizations looking to sell surplus equipment quickly or purchase specialized tools at competitive prices.

Considerations for Lab Equipment Auctions

While auctions are a valuable way to procure lab equipment, there are potential challenges to keep in mind. Here's what to consider:

• Limited Guarantees: Attending an auction doesn’t guarantee success. You may be outbid, find items outside your budget, or not see equipment worth bidding on. Additionally, second-hand equipment may have unknown maintenance histories or wear and tear, leading to unexpected repair or replacement costs.
• Seller Transparency: Not all sellers are verified, and some may lack trusted certifications. Product details like condition, specifications, or usage history may also be incomplete, leaving buyers to make assumptions before bidding.
• Maintenance and Warranty Issues: Auctioned equipment may require significant repairs or maintenance, potentially negating the savings. Most items also come without warranties, increasing financial risk.
• Emotional Bidding and Budget Risks: Competitive bidding can lead to emotional decisions, causing buyers to exceed their budget or pay unrealistic prices for high-demand items.

Tips for a Successful Auction Experience

To make the most of lab equipment auctions, consider these best practices:

• Do Your research: Understand the equipment’s specifications, condition, and fair market value before bidding.
• Verify sellers: Ask questions about the seller’s credentials, equipment history, and maintenance records.
• Set a budget: Establish a maximum bid amount and stick to it to avoid overspending.
• Inspect when possible: If in-person inspections are available, take advantage of them to ensure the equipment meets your expectations.
• Plan for maintenance: Factor in potential repair costs when determining your budget and evaluating bids.

Find the Right Fit: EquipNet Auctions & Excedr Leasing

EquipNet and Excedr both offer valuable options for labs and organizations managing equipment needs. EquipNet excels in connecting buyers and sellers through its marketplace, auctions, and proactive asset management services. Whether you’re looking to monetize surplus equipment or purchase cost-effective tools, EquipNet provides a reliable platform.

On the other hand, Excedr’s leasing program is ideal for labs needing new or manufacturer-refurbished equipment. With flexible lease terms, maintenance coverage, and low monthly payments, Excedr helps labs acquire cutting-edge technology without upfront costs, extending cash runway and accelerating research.

EquipNet is perfect for surplus and used equipment, while Excedr ensures access to reliable, high-performance instruments. Explore EquipNet’s marketplace or browse Excedr’s leasing options to find the best solution for your lab today.

With Excedr’s leasing program, you gain access to:

• High-Quality Equipment: Choose from new or manufacturer-refurbished equipment sourced directly from trusted brands.
• Inclusive Maintenance and Repairs: Say goodbye to out-of-pocket expenses for equipment upkeep—our leases include repair and maintenance services.
• Streamlined Logistics: Shipping and handling are managed by the manufacturer, ensuring your equipment arrives in excellent condition.
• Affordable Flexibility: Low monthly payments and customizable lease terms make it easier to stay within budget while equipping your lab with cutting-edge tools.

Don’t let budget constraints slow you down—consider leasing with Excedr to save time, money, and resources. Explore our leasing options today and take the next step in advancing your research.