Ritchie Bros to acquire Euro Auctions in USD1bn deal and expand its reach in EMEA region
Ritchie Bros, a global asset management, disposition, and services company, is to acquire European plant and machinery auction house, Euro Auctions, for an enterprise value of GBP775 million (approximately USD1.08 billion). Founded in 1998, Euro Auctions conducts unreserved heavy equipment auctions with onsite and online bidding under the brands Euro
