Mumbai, July 7 -- 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.
Published by HT Digital Content Services with permission from Construction World.