Ritchie Bros. to acquire SmartEquip

Murray Pollok Managing Editor, IRN & Director of Content, KHL

28 September 2021

Ritchie Bros. Auctioneers is to fully acquire parts e-procurement company SmartEquip for US$175 million.

SmartEquip provides an online portal for rental companies and other fleet owners to procure parts from 600 OEMs in Europe, North America and Asia. It supports $1 billion worth of transactions every year.

The deal is…

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