Ritchie Bros., a leading heavy equipment auctioneer and provider of end-to-end services, has received an unconditional antitrust clearance from the United States Department of Justice for the proposed acquisition of IronPlanet®, a leading online marketplace for heavy equipment and other durable assets.
Over the past three years, Ritchie Bros. has been successfully executing a multichannel diversification strategy to ensure that the company stays relevant and strong in a changing environment. The historic acquisition is expected to transform the company and industry through complementary brands, innovative digital technology, product offerings in multiple channels and expanded global reach.