Ritchie Bros. Auctioneers (RBA) to Acquire IronPlanet in $758.5M Deal
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Ritchie Bros. to host Investor Call Regarding Announced Acquisition of IronPlanet
August 29, 2016 5:56 PM EDTVANCOUVER, Aug. 29, 2016 /PRNewswire/ -Â Ritchie Bros., the world's largest industrial auctioneer and a leading equipment distributor (NYSE & TSX: RBA, the "Company") invites interested parties to participate in an investor update conference call, occurring tomorrow Tuesday, August 30, 2016 at 8:30 am Eastern time / 5:30 am Pacific time / 1:30 pm BST. During the call, company executives will discuss Ritchie Bros.' announced acquisition of IronPlanet and strategic agreement with Caterpillar, and answer questions from analysts and institutional investors.Â
Analysts and institutional investors may... More
Ritchie Bros. to acquire IronPlanet to accelerate its customer centric multi-channel diversification strategy
August 29, 2016 5:55 PM EDTIncreases customer choice; enhances online offerings; provides penetration into large, additional segments Business combination expected to significantly increase growth in revenue and earnings; effectively uses strength of Ritchie Bros.' balance sheet Transaction expected to be accretive to earnings within first year (excluding acquisition-related costs) Long-term alliance reached with Caterpillar With more than $US3 billion in annual online equipment sales, the combined company will rank among the world's top 50 B2B e-commerce companies
VANCOUVER and PLEASANTON, CA, Aug. 29, 2016 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated, the world's largest... More
Ritchie Bros. and Caterpillar Inc. Announce Strategic Alliance
August 29, 2016 5:55 PM EDTRitchie Bros. to Become Preferred Provider to Caterpillar and Participating Dealers for Caterpillar Equipment Upon Closing of Ritchie Bros.' Acquisition of IronPlanet Strategic Relationship to Accelerate Caterpillar's IoT Connectivity Offerings for Used Equipment Owners
VANCOUVER and PEORIA, IL, Aug. 29, 2016 /PRNewswire/ - Ritchie Bros., the world's largest industrial auctioneer and a leading equipment distributor (NYSE & TSX: RBA), and Caterpillar Inc. (NYSE: CAT) today announced that they have entered into a strategic alliance agreement. The strategic alliance is expected to deliver significant benefits to... More
