EquipNet strengthens position in SemiCon market with the acquisition of Quality Equipment Source, Inc.

Posted on 2016-09-09 by tspscott in Management // 0 Comments

Boston, MA, 2016-Sep-09 — /EPR Network/ — The world’s largest specialist asset management company, EquipNet Inc., has concluded an agreement to acquire California-based, Quality Equipment Source, Inc. (QES), a well-known partner to companies looking to buy and sell used and refurbished equipment.

As part of the agreement, EquipNet will establish its operations in San Jose, California at QES’s former 17,500 sq ft office & warehouse facility. QES President, Gustavo Ortega and the entire QES staff will all join EquipNet.

The new integrated business will offer a global sourcing network for secondary semiconductor equipment – from a single tool, to a complete FAB. Advice and consultancy on all aspects of buying and selling are available, including: refurbishment, installation, rigging, crating, shipping, customs support, and custom configuration and training.

Ben Potenza, VP of Marketing at EquipNet, commented: “We are thrilled to be bringing a company with such a strong reputation as Quality Equipment Source into our business. This is an exciting and important boost for EquipNet that supports our plans for further growth in this field. With industry sources estimating that roughly 10% of the overall wafer fab equipment (WFE) sales are used equipment, I am certain that combining the expertise of QES founder and long-time electronics industry pioneer, Gustavo Ortega with EquipNet’s proven service-led business model, we will establish a new dynamic in the global semiconductor market.”

QES President, Gustavo Ortega stated: “We are excited to be combining forces with such a renowned asset management company as EquipNet and look forward to the start of a long and prosperous relationship between both the former QES and current EquipNet teams. We hope that the pooling of skills from both organisations will help future growth in the SemiCon industry.”

For further information about EquipNet please visit our website: http://www.equipnet.com/ or contact us on either 781.821.3482 or email us at sales@equipnet.com

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About EquipNet

The Massachusetts based EquipNet, Inc., has become the world’s largest surplus asset management company. The company offers a range of tools that allow companies to take control of their assets. For example, a proprietary software platform ARMS™ (Asset Redeployment Management System), can be installed across multiple sites, behind the firewalls of these companies, allowing an enterprise-wide online accessible program that aligns with the requirements of that particular company. This is part of EquipNet’s unique approach, developed to balance the needs of a client to realize maximum value for key assets, dispose of routine items in as timely way as possible, and deal with scrap and low-value residual materials too. They have the biggest online marketplace for laboratory, production and packaging equipment, and are one of the largest industrial equipment auctioneers in the world. Their main markets are in the pharmaceutical, biotech, chemical, food, beverage, and personal care sectors, where their specialist knowledge of the markets is proven to deliver higher value than many of the ‘generalists’ in the market.

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