Ritchie Bros. to hold UK auction in Donington Park

Ritchie Bros., the global equipment auctioneer, will hold its first unreserved public auction in the UK after the country voted to leave the European Union. New and used equipment from the construction, transportation and agriculture sectors will be on the block at Donington Park, near Nottingham, England, on July 12. A spokesperson for Ritchie Bros., based near Vancouver in Canada, said hundreds of items will be up for sale. He said it will be interesting to see how, if at all, the UK government’s d
July 6, 2016 Read time: 2 mins
8031 Ritchie Bros., the global equipment auctioneer, will hold its first unreserved public auction in the UK after the country voted to leave the European Union.

New and used equipment from the construction, transportation and agriculture sectors will be on the block at Donington Park, near Nottingham, England, on July 12.

A spokesperson for Ritchie Bros., based near Vancouver in Canada, said hundreds of items will be up for sale. He said it will be interesting to see how, if at all, the UK government’s decision to leave the EU affects prices.

In the spring Ritchie Bros. held its first Dubai auction of 2016, selling more than US$41 million of equipment. This was a 54% increase in gross auction proceeds compared to a Dubai sale in March 2015, the company said. The Canadian company shifted more than 2,000 items for over 200 sellers during the two-day unreserved public auction. Around $4.5 million worth of equipment went to on-line bidders.

In February, Ritchie Bros. acquired the online equipment listing service Mascus International Holding for $26.6 million in cash.

The deal gives Ritchie Bros. 100% equity in Mascus which continues to operate under its brand and management. Mascus provides Europe’s largest lists of heavy machinery and trucks. It also offers subscriptions to equipment dealers, brokers, exporters and equipment manufacturers that wish to list equipment for sale.
Finance & Funding

For more information on companies in this article

Related Content

  • UK output of machinery and equipment takes an early summer dip
    August 10, 2017
    UK output from companies involved in manufacturing equipment and parts turned down in June, according to the latest data from the Office for National Statistics (ONS). Output in June was 4.3% lower than May, but was still 3.3% higher than June 2016 levels. Output in June was the lowest for the past seven months - since November 2016 - and has resulted in the six-month moving average flattening out for the first time this year. Output in the second quarter of 2017 was 1% down on the first quarter, but was st
    Read More
  • Hexagon buys SCCS, a supplier of Leica Geosystems in the UK
    January 13, 2016
    Hexagon has acquired Paul MacArthur Limited, SCCS – a UK supplier of surveying equipment to the engineering and infrastructure market and a Leica Geosystems distributor for over 20 years. SCCS, based in Cambridge, England, provides surveying solutions across the country, offering customers rent, purchase and service options in the road, rail and construction projects. “As the UK continues to fund major infrastructure projects with more stringent processes related to Building Information Modelling (BIM
    Read More
  • US tariffs harming trade worldwide - VDMA survey
    May 29, 2025
    Half of all machinery and equipment manufacturers polled anticipate declining competitiveness in the US
    Read More
  • Hitachi wheel loader ZW5550-5 works in Lasa Marmo’s Whitewater quarry
    November 11, 2015
    The largest wheel loader in the Hitachi range has been delivered to Lasa Marmo’s Whitewater marble quarry near the village of Laas in northern Italy. The new ZW550-5’s main function is to lift each marble block that has been extracted from the cavernous site – situated 1,600m above sea level – and transport it through a series of passageways to an outdoor storage area. The ZW550-5 was delivered in December by Comac, a sub-dealer of the Italian Hitachi dealer for construction machinery, SCAI. The fuel
    Read More

Highlighted Content