It was a busy lot at the annual Ritchie Bros. equipment auction, held Feb 15-19 in Orlando. Some 10,700 pieces of equipment sold for a total value of $172 million, with a record 9,850 bidders from 79 countries registered.
Ritchie Bros. also used the occasion to announce it had acquired the Dutch online equipment listing website Mascus for $26.6 million in cash. The online listing service is expected to increase the auctioneer's presence in Europe, and is “another step in Ritchie Bros.’ strategy as the world’s leading multichannel equipment disposition and asset management company,” said Richie Bros. CEO Ravi Saligram in a press statement.