One of Australia’s leading original equipment manufacturers (OEM) has engaged National Machinery Xchange (NMX), part of the National Group, as the exclusive agency and preferred supplier to manage the sale of Caterpillar (CAT) surplus parts.

This open market tender from Caterpillar received a high level of applications from some of the biggest names in the industry, according to NMX, with the company securing the tender amid very strong competition.

NMX calls itself is a leading valuation and auction house for the mining, energy, construction, transport and agricultural industries. It regularly holds auctions that caters for buyer and sellers, offering valuation services and finance options such as monthly instalments.

Simon Brown, NMX General Manager, said: “We are very happy to have won this tender, it is a testament to the flexibility of our approach – we don’t just offer services, we work with our clients to devise dynamic and appropriate solutions.”

He added: “NMX developed an appropriate sales and remarketing strategy that included traditional and digital marketing approaches. After evaluating our clients’ needs, we recommended the sale of assets on an ‘as is where is’ basis with the utilisation of the National Group’s wider industry network and communication vehicles. With NMX being part of the National Group of companies, we were also able to offer various benefits, efficiencies and therefore cost savings through complementary entities such as National Heavy Haulage”.

NMX formally opened the tender campaign for the sale of CAT parts on March 8, with the call for offers ending on April 5. Around 3,500 CAT parts are currently for sale on an ‘as is where is’ basis, with offers being facilitated through the NMX website.