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

  • Contractors demand tenders for Carillion’s work in Alberta, Canada
    July 25, 2018
    Road contractors in the Canadian province of Alberta are demanding tenders be conducted for maintenance contracts that are currently run by Carillion, now in receivership. Carillion, based in the UK, went into receivership in January, and its Canadian operations did so as well, around a week later. The call for tenders in Alberta arose when the Alberta Roadbuilders and Heavy Construction Association learned that more than US$380 million worth of road contracts are likely to be handed over to Emcon, a
    Read More
  • Strabag issues US$131.8million corporate bond
    May 3, 2012
    Austrian construction company Strabag SE has issued a US$131.8million (€100million) corporate bond. The fixed-interest bond has a term to maturity of seven years and a coupon of 4.25 % per annum. A Strabag spokesperson said the bond issue had already been met with great interest among institutional investors. It is also available for subscription to Austrian, German and Luxembourgian private investors until 8 May, 2012. With a face value of US$1,318 (€1,000), the bond is targeted not only at institutional
    Read More
  • Samoter-Asphaltica 2014 sparks greater Italian optimism
    July 3, 2014
    The recent co-located Samoter and Asphaltica exhibitions at VeronaFiere in Verona, Italy, have been hailed a success by organisers, exhibiting companies and trade delegations, after more than 40,000 visitors, including thousands from outside Italy, attended the combined 445 exhibitor company-strong four-day events. There is no doubt, as Guy Woodford reports, they provided a timely boost to an Italian construction equipment manufacturing sector enduring tough times
    Read More
  • Sales gain for Italian manufacturers
    February 22, 2016
    An upswing is being seen in construction machine sales in Italy, according to the latest official figures. The data from the Samoter-Prometeia Observatory reveal increases in key markets. Gains have been seen in Europe (+7.7%), Central and Eastern Europe and Turkey (+3.7%), North America (+23.1%), Central and South America (+6.3%), Middle East (+26.3%), Asia (+28.7%), Australia (+23.5%) and Africa (+2.5%). However the figures also show another sharp fall in Russia (-62.8%).
    Read More

Highlighted Content