Ritchie Bros. to acquire Euro Auctions for US$1 billion

Andy Brown Head of Content, Construction and Engagement

09 August 2021

It has been announced that industrial equipment auctioneer Ritchie Bros. has agreed a deal acquire Euro Auctions for UK£775 million (US$1.07 billion).

Euro Auctions is a heavy machinery auctioneer that was founded in 1998 and operates in EMEA (Europe, Middle East and Africa). The deal is expected to close in the first quarter of 2022, subject to regulatory clearances and the satisfaction of other customary closing conditions.

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