Dynaprice.com declared that it has reached a final agreement and fulfilled all closing requirements to merge with Dinamo Acquisition Corporation. Ilia Gogichaishvili, a technology entrepreneur and finance executive, will become the CEO of the merged company once the merger transfers ownership of the business to a strategic investment firm.
Dynaprice, which was established in 1999, is a leading player in the provision of data and software services for investment recovery. It provides a comprehensive, cloud-based platform for managing surplus equipment that makes it possible to classify, redeploy, auction, and sell through its marketplace.
For more than 20 years, Dynaprice has provided services to Fortune 500 companies worldwide. Aerospace and defense, telecommunications, semiconductors, utilities, chemical manufacturing, industrial equipment & machinery, oil & gas, pharmaceuticals, and scientific & laboratory research are just a few of the many industries it serves. It also supports used equipment dealers across various industry verticals.
Dynaprice Holdings subsidiary Dinamo Acquisition Corporation combines with Dynaprice.com, Inc., leaving Dynaprice.com as the surviving company. As a result, Dynaprice Holdings will acquire full ownership of Dynaprice.com.
To ensure continuity and an unwavering dedication to Dynaprice’s renownedly high standard of customer service, the company’s core leadership team, which includes Founder Ronald Randall and VP of Systems & Operations Scott Conklin, will continue to play an active role in the company’s leadership.
Leadership Comments
“This combination marks a pivotal moment for Dynaprice, and we are excited to accelerate the growth and expand our services under new leadership,” said Ronald Randall, Founder of Dynaprice.com, Inc.
“We are thrilled to take Dynaprice to the next level and redefine the surplus equipment industry with a one-stop technology solution, expanding its footprint and setting new standards in investment recovery,” said Ilia Gogichaishvili, the new CEO of Dynaprice. “By intensifying our focus on market expansion, technological innovation, and sustainability, Dynaprice will drive greater efficiencies for businesses, enabling them to both capture new revenue streams and reduce capital expenditures through efficient asset utilization.”
Financial terms of the purchase were not disclosed.
