Ritchie Brothers Aquire Iron Planet

August 31, 2016 12:07 PM
 
 

Two familiar names in industrial equipment are joining forces.

Ritchie Brothers auctioneers announced it is purchasing Iron Planet, a leading online marketplace.

The deal is worth an estimated $759 million dollars.

Ritchie Brothers also made the announcement it will be Caterpillar’s preferred auctioneer for their equipment.

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