Auction company Ritchie Bros. has entered in to a purchase agreement with European plant and machinery auction house, Euro Auctions. Ritchie Bros. will acquire Euro Auctions group for an enterprise value of £775 million (approximately US$1.08 billion). Founded in 1998, Euro Auctions conducts unreserved heavy equipment auctions with onsite and online bidding under the brands Euro… Read More

Ritchie Bros. Auctioneers announced Tuesday that it has acquired Kramer Auctions — one of Canada’s longest-running and leading agricultural auction companies. Headquartered in North Battleford, Kramer has been operating in Western Canada for 67 years — three generations of the Kramer family, offering on-farm and on-site live auctions for equipment, livestock and agricultural real estate. “We… Read More

Tight profit margins are leading many farms to hang on to equipment longer before trading it in. The major manufacturers have also slowed down production significantly, coinciding with the drop in demand for new iron. And all of this means there’s less late model machinery hitting the market. “It’s getting really hard to find a… Read More


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