02:41:40 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



RB Global Inc
Symbol RBA
Shares Issued 182,162,754
Close 2023-11-13 C$ 82.36
Market Cap C$ 15,002,924,419
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RB Global's IAA partners with Lion Trans in Georgia

2023-11-14 11:29 ET - News Release

Ms. Meggan O'Malley of IAA reports

IAA ANNOUNCES NEW MARKET ALLIANCE IN GEORGIA

RB Global Inc.'s IAA has launched a new market alliance with Lion Trans & WHSE LLC in the country of Georgia. The goal of this collaborative relationship is to increase market share of both companies in Georgia, along with increasing global company awareness, broadening the visibility of vehicles, improving sales and expanding the customer base into diverse markets. Strategic alliances such as this provide strong service and customer experience for both business to business and business to consumer clients.

"We are excited to increase IAA's presence in Eastern Europe and continue to broaden our international customer base," said Meggan O'Malley, vice-president of marketplace demand at IAA. "Lion Trans has held a leading market position for 15 years and we are eager to help meet the needs of B2B and B2C customers in this region. The new market alliance with Lion Trans will help IAA continue to expand our market alliance network to reach new buyers throughout the world."

"We look forward to working with IAA to help our customers navigate the process of buying and importing vehicles from the United States to Georgia," said Rati Lomia, president at Lion Trans. "With this new market alliance, IAA's technology will allow customers to purchase vehicles that fit their individual needs and preferences with greater convenience than ever before."

About RB Global Inc.

RB Global is a leading, omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its auction sites in 14 countries and digital platform, RB Global serves customers in more than 170 countries across a variety of asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining and agriculture. The company's marketplace brands include Ritchie Bros., the world's largest auctioneer of commercial assets and vehicles offering on-line bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers. RB Global's portfolio of brands also includes Rouse Services, which provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment life cycle and integrates parts procurement with both OEMs and dealers; Xcira, a leader in live simulcast auction technologies; and VeriTread, an online marketplace for heavy haul transport.

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