+
Plant & Equipment Secures Funding to Expand Auction Business
Equipment

Plant & Equipment Secures Funding to Expand Auction Business

Plant & Equipment (P&E), a global heavy equipment marketplace, has secured asset-backed financing to accelerate the growth of P&E Auctions, its auction business serving buyers and sellers across the Middle East, Africa and other international markets.

The investment will be used to acquire physically inspected construction equipment, lifting machinery and commercial vehicles, enabling the company to provide minimum guarantees on assets sold through its auction platform.

Launched in December 2023, P&E Auctions has expanded rapidly following the success of the company's online marketplace. According to the company, the auction business recorded strong growth in 2024 and 2025 while maintaining uninterrupted operations during the regional disruptions of 2026.

The funding will support the acquisition of construction machinery, including loaders, excavators and bulldozers, as well as trucks and access equipment such as scissor lifts and boom lifts sourced from rental fleets. These assets will be deployed across equipment trading, remarketing, auctions, rental partnerships and cross-border transactions.

P&E said the investment will also strengthen equipment availability across key international markets and further expand its integrated marketplace and auction ecosystem.

The company enhanced its operational capabilities in 2024 through the acquisition of Global Equipment Trading (GET) and the establishment of a facility in Dubai's Jebel Ali Free Zone. The hub supports equipment sourcing, inspection, storage and international logistics, reinforcing P&E's global equipment trading operations.

Plant & Equipment (P&E), a global heavy equipment marketplace, has secured asset-backed financing to accelerate the growth of P&E Auctions, its auction business serving buyers and sellers across the Middle East, Africa and other international markets.The investment will be used to acquire physically inspected construction equipment, lifting machinery and commercial vehicles, enabling the company to provide minimum guarantees on assets sold through its auction platform.Launched in December 2023, P&E Auctions has expanded rapidly following the success of the company's online marketplace. According to the company, the auction business recorded strong growth in 2024 and 2025 while maintaining uninterrupted operations during the regional disruptions of 2026.The funding will support the acquisition of construction machinery, including loaders, excavators and bulldozers, as well as trucks and access equipment such as scissor lifts and boom lifts sourced from rental fleets. These assets will be deployed across equipment trading, remarketing, auctions, rental partnerships and cross-border transactions.P&E said the investment will also strengthen equipment availability across key international markets and further expand its integrated marketplace and auction ecosystem.The company enhanced its operational capabilities in 2024 through the acquisition of Global Equipment Trading (GET) and the establishment of a facility in Dubai's Jebel Ali Free Zone. The hub supports equipment sourcing, inspection, storage and international logistics, reinforcing P&E's global equipment trading operations.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code