Just2Clicks, the British B2B e-commerce specialist, has formed an alliance with Entrade Inc. J2C is the UK's largest operator of vertical trading communities, designed to allow businesses to trade with each other on-line.
J2C has also made an alliance between Powernet, its electric power industry vertical trading community, and Utiliparts.com for asset recovery, inventory management and procurement, liquidated assets and second hand equipment. This will take advantage of the huge surplus of unused parts and equipment around the world, as a result of the deregulation of the electric power markets.
Karl Watkin, Chief Executive of J2C, said: “Putting the Utiliparts marketplace on-line is fulfilling a commitment we made at the time of our flotation. In one fell swoop, we are creating a powerful combination of content and liquidity that should serve the electric power market effectively, leading enhanced trading commissions.”
To date, Entrade Inc. has invested in seven electronic marketplaces, with an eighth pending shareholder approval. Most recently Entrade announced AssetControl.com, a joint venture with Textron Financial, ATM Services and Safeguard Scientifics to create an e-commerce marketplace for the resale of surplus assets, including industrial equipment, excess inventory and commercial real estate.
Entrade also recently launched TruckCenter.com, a joint venture with The Associates First Capital, targeting the $50 billion truck industry. Entrade owns 25 per cent of TradeTextile.com, an e-commerce marketplace for the global textile industry, initially focusing on China.