Azure Dynamics Hybrid Manufacturing Equipment to be Auctioned

October 22, 2012
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SAN DIEGO & BURNABY, B.C. Heritage Global Partners, a global leader in asset advisory and auction services and a wholly owned subsidiary of Counsel RB Capital, announced its upcoming global online auction featuring the manufacturing assets of Azure Dynamics, Inc., a global developer and producer of hybrid electric and electric components and powertrain systems for commercial vehicles. The sale is subject to U.S. & Canadian Bankruptcy Courts Approval Case #12-47498 and #S122223.

The global auction will be conducted online at http://www.hgpauction.com/?auctionid=275 on Nov. 8, 2012, beginning at 12 am PST and ending on November 9, 2012 at 5 pm PST. The sale will feature assets located around the world including finished and unfinished vehicles, gliders, spare parts, hybrid electric and electric manufacturing equipment and machinery for commercial vehicle production, and much more.

There will be a one-day preview on Nov. 7, 2012 from 9 am to 4 pm (local time) at each site listed below. Prospective bidders may contact Heritage Global Partner’s David Barkoff for more information (see contact info below).

  • Canada: Burnaby, BC, Canada and Mississauga, ON, Canada

  • United Kingdom: Hertfordshire, UK and Worcestershire, UK

  • USA, Massachusetts: Boston, MA, Clinton, MA, and Wilmington, MA

  • USA, Michigan: Livonia, MI and Oak Park, MI

“Our upcoming auction of Azure Dynamics’ extensive global assets offers a unique opportunity for bidders to acquire finished inventory and state-of-the-industry electric and hybrid electric drive technology machinery and equipment for the production of cost-efficient and environmentally friendly commercial vehicles,” stated Heritage Global Partners David Barkoff.

Led by auction industry pioneers Ross and Kirk Dove, Heritage Global Partners is one of the leading worldwide asset advisory and auction services firms, assisting large and small companies with buying and selling assets. A Counsel RB Capital company (OTCQB: CRBN), HGP specializes in asset brokerage, inspection, and valuations, industrial equipment and real estate auctions, as well as enterprise auctions combining tangible and intangible assets.

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