SMT, PCB Electronics Industry News
  • SMTnet
  • »
  • Industry News
  • »
  • Helping to wind down ST-Ericsson after STMicroelectronics and Ericsson split the Joint Venture: Industrial Auctioneers Join Forces with Semiconductor Equipment Reseller to Liquidate Surplus Assets

Helping to wind down ST-Ericsson after STMicroelectronics and Ericsson split the Joint Venture: Industrial Auctioneers Join Forces with Semiconductor Equipment Reseller to Liquidate Surplus Assets

Dec 27, 2013

Starnberg, Germany, Phoenix, AZ, and Washington, DC – November 12, 2013 – Maynards, Liquidity Services, Inc. and GES Associates today jointly announced the appointment by ST-Ericsson to manage a bulk and piecemeal sale of surplus Production and R&D Assets of the ST-Ericsson joint venture, a former global manufacturer of wireless products and semiconductors. The sale features backend test, assembly, measurement and lab equipment in sites throughout Asia and France, and labs around the world.


Daniel Kröger, Director at Maynards stated: “We are pleased that ST-Ericsson has appointed our Strategic Partnership as exclusive sale agents for these High Tech assets. Our combined world-class auctioneering services, large international customer networks, and extensive industry knowledge will help us deliver these exceptional assets to end-users and contract manufacturers, ultimately generating superior results for ST-Ericsson.”


Nick Taylor, Managing Director, EMEA, for Liquidity Services’ GoIndustry DoveBid marketplace added: “This sale presents an excellent opportunity for worldwide buyers to leverage the secondary market to acquire an assortment of semiconductor assets via a trusted global platform and convenient auction process. The combined marketing and sales expertise of our Strategic Partnership will no doubt help ST-Ericsson maximize its investment recovery goals.”


The series of sales will start immediately with a Negotiated Sale phase followed by a series of Online Auction events scheduled for December until March. A summary of assets for sale, photos and relevant information is available at www.GESemi.com.


“The liquidation of the remaining assets of ST-Ericsson is a unique opportunity for the worldwide semiconductor industry to purchase high-quality used test and assembly equipment directly from the source at an attractive value,” stated Kevin Shows, COO of GES.


The special nature of the Strategic Partnership creates a significant alliance, combining decades of experience in semiconductor and backend equipment sales of two established auctioneers and a premier semiconductor, test and assembly equipment reseller.


For further information about the Strategic Partners, please visit their respective websites at www.maynards.com, www.liquidityservicesinc.com, and www.GESemi.com.


Contacts:
Melissa Gieringer (Liquidity Services)
melissa.gieringer@liquidityservices.com, +1 480/596-4496


Karolin Vielhaber (Maynards)
karolinv@maynards.com, +49 (0) 8151 973420


Kevin Shows (GES)
kshows@gesemi.com, +1 480/610-1604

Nov 11, 2021 -

NOW BIDDING - Panasonic NPM-W P&P Auction

Sep 10, 2020 -

September 2020 SMT Auction By Order Of Celestica

Apr 09, 2012 -

GoIndustry DoveBid Launches New Industry-Focused Website Pages

Jun 07, 2024 -

Revolutionizing Surfaces: The Art of Chemical Conversion Coating, Anodizing, Electroless Plating, and Electroplating

Jun 06, 2024 -

HELLER Partners With Circuit Technology, Restronics

Jun 05, 2024 -

Mencom Bolsters National Presence through a New Partnership

Jun 05, 2024 -

Motorcycle disc lock MK619, with 110-120 decibels electronic alarm system, mainly made of zinc alloy, copper, high material strength, effectively plays the function of dust-proof and waterproof, equip

Jun 05, 2024 -

Unleashing the Versatility: Exploring Silicone Rubber Applications

Jun 04, 2024 -

Guide to Metal Fabrications: Tailored Process to Production

Jun 03, 2024 -

Accu-Assembly Inc. Expands Component Storage Management with AccuLiFT™ and AccuCart™ Products

Jun 03, 2024 -

TAGARNO Expands U.S. Operations with Enhanced Customer Support

Jun 03, 2024 -

North American EMS Industry Down 2.1 Percent in April

Jun 03, 2024 -

North American PCB Industry Sales Up 9.4 Percent in April

See electronics manufacturing industry news »

Helping to wind down ST-Ericsson after STMicroelectronics and Ericsson split the Joint Venture: Industrial Auctioneers Join Forces with Semiconductor Equipment Reseller to Liquidate Surplus Assets news release has been viewed 1169 times

  • SMTnet
  • »
  • Industry News
  • »
  • Helping to wind down ST-Ericsson after STMicroelectronics and Ericsson split the Joint Venture: Industrial Auctioneers Join Forces with Semiconductor Equipment Reseller to Liquidate Surplus Assets
See Your 2024 IPC Certification Training Schedule for Eptac

Reflow Oven