Fives and Prestige Equipment Join Forces to Enhance Equipment Lifecycle Management for Customers
Fives Machining Systems, Inc. (FMSI), a key player in the High Precision Machines Division of Fives, has recently announced an exciting strategic partnership with Prestige Equipment Corp., a highly regarded provider of industrial asset disposition and used machinery services. This collaboration aims to significantly enhance customer options for equipment lifecycle management.
Drawing upon Fives’ extensive experience in delivering innovative machine solutions, including OEM-backed parts, professional maintenance, and full lifecycle support, this partnership introduces an exciting range of additional services that will greatly benefit customers in the manufacturing sector. Among the key offerings are access to high-quality used equipment, global resale channels, and premium asset recovery solutions.
Under this agreement, Prestige Equipment will extend its support to Fives customers through various avenues including:
1. Strategic Surplus Machinery Sales: Helping customers effectively sell surplus machinery and optimize returns on their assets.
2. Full Asset Disposition Programs: Offering comprehensive programs to manage the sales and recycling of end-of-life equipment.
3. Trade-In Options: Providing customers the possibility to trade in equipment to offset new machine investments.
4. Certified Equipment Appraisals: Delivering reliable valuations that assess the worth of machinery accurately to facilitate informed decision-making.
5. Access to Global Used-Equipment Markets: Ensuring customers have the platforms and networks to sell and purchase used machinery across borders efficiently.
On the other hand, Fives will continue to support Prestige’s customers by providing essential services which include:
The combination of services provided by both companies is designed to help manufacturers streamline their operations, especially as they navigate through equipment disposal, modernization, and capital investments. This partnership is tailored to cater to manufacturers experiencing expansions, consolidations, or technological upgrades, delivering a coordinated approach that minimizes downtime and enhances capital effectiveness.
Wolfgang Neitzke, who oversees Business Development at Fives, commented on the partnership, stating, "Our customers focus on maximizing uptime, extending asset life, and making wise capital investment decisions. Fives has always aimed at supporting manufacturers throughout the entire lifecycle of their equipment, and this partnership broadens the options available to manage and monetize surplus assets aligned with wider production strategies."
Adam Herman, Vice President of Business Development at Prestige Equipment, noted, "This cooperation provides manufacturers with ample options as they navigate critical equipment lifecycle decisions. By synchronizing Prestige’s experienced asset recovery strategies with Fives’ OEM capabilities, customers are exposed to a streamlined approach to upgrading equipment and capital planning."
The strong relationship between Fives and Prestige reflects the commitment both companies have to offer integrated solutions, aiming at enhancing productivity, optimizing capital use, and reinforcing sustainable manufacturing practices on a global scale. For further information regarding Fives, interested parties can visit www.fivesgroup.com, and for insights on Prestige Equipment, check www.prestigeequipment.com.
About Fives: With more than 200 years of experience, Fives specializes in designing and supplying machines, process equipment, and production lines for leading industrial players across multiple sectors.
About Prestige Equipment: Established in 1990, Prestige Equipment Corp. is a global authority on used industrial machinery, plant liquidations, and asset disposition.
Drawing upon Fives’ extensive experience in delivering innovative machine solutions, including OEM-backed parts, professional maintenance, and full lifecycle support, this partnership introduces an exciting range of additional services that will greatly benefit customers in the manufacturing sector. Among the key offerings are access to high-quality used equipment, global resale channels, and premium asset recovery solutions.
Under this agreement, Prestige Equipment will extend its support to Fives customers through various avenues including:
1. Strategic Surplus Machinery Sales: Helping customers effectively sell surplus machinery and optimize returns on their assets.
2. Full Asset Disposition Programs: Offering comprehensive programs to manage the sales and recycling of end-of-life equipment.
3. Trade-In Options: Providing customers the possibility to trade in equipment to offset new machine investments.
4. Certified Equipment Appraisals: Delivering reliable valuations that assess the worth of machinery accurately to facilitate informed decision-making.
5. Access to Global Used-Equipment Markets: Ensuring customers have the platforms and networks to sell and purchase used machinery across borders efficiently.
On the other hand, Fives will continue to support Prestige’s customers by providing essential services which include:
- - OEM-backed Maintenance and Parts Support: Guaranteeing that customers receive the best service and parts for their equipment, ensuring reliability and operational efficiency.
- - Retrofit and Rebuild Solutions: Offering modifications to existing machinery to meet current production needs effectively.
- - New Machine Tools and Turnkey Production Systems: Introducing state-of-the-art machinery solutions for improved production capabilities.
- - Preventive Maintenance Programs: Supplying essential checks and assessments to prolong machine lifespan and enhance performance.
- - Equipment Relocation Services: Assisting businesses in moving machines safely without causing downtime.
The combination of services provided by both companies is designed to help manufacturers streamline their operations, especially as they navigate through equipment disposal, modernization, and capital investments. This partnership is tailored to cater to manufacturers experiencing expansions, consolidations, or technological upgrades, delivering a coordinated approach that minimizes downtime and enhances capital effectiveness.
Wolfgang Neitzke, who oversees Business Development at Fives, commented on the partnership, stating, "Our customers focus on maximizing uptime, extending asset life, and making wise capital investment decisions. Fives has always aimed at supporting manufacturers throughout the entire lifecycle of their equipment, and this partnership broadens the options available to manage and monetize surplus assets aligned with wider production strategies."
Adam Herman, Vice President of Business Development at Prestige Equipment, noted, "This cooperation provides manufacturers with ample options as they navigate critical equipment lifecycle decisions. By synchronizing Prestige’s experienced asset recovery strategies with Fives’ OEM capabilities, customers are exposed to a streamlined approach to upgrading equipment and capital planning."
The strong relationship between Fives and Prestige reflects the commitment both companies have to offer integrated solutions, aiming at enhancing productivity, optimizing capital use, and reinforcing sustainable manufacturing practices on a global scale. For further information regarding Fives, interested parties can visit www.fivesgroup.com, and for insights on Prestige Equipment, check www.prestigeequipment.com.
About Fives: With more than 200 years of experience, Fives specializes in designing and supplying machines, process equipment, and production lines for leading industrial players across multiple sectors.
About Prestige Equipment: Established in 1990, Prestige Equipment Corp. is a global authority on used industrial machinery, plant liquidations, and asset disposition.
Topics General Business）
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