Ritchie Bros has confirmed its Rocky Mountain auction attracted more than 11,200 online bidders from 62 countries that competed for 2,900+ items, generating more than $41 million.
In a major move in the global plant and machinery auctions sector, off-highway equipment auctioneer Ritchie Bros. has entered into an agreement to acquire Euro Auctions group for an enterprise value of £775mn (US$1.08bn).
Long lead times on new equipment and exceptionally high productivity in key industries have pushed heavy machinery demand at Ritchie Bros. to "unprecedented" levels, and equipment owners are taking advantage.