05:34:53 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



RB Global Inc
Symbol RBA
Shares Issued 182,738,776
Close 2024-03-14 C$ 102.65
Market Cap C$ 18,758,135,356
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RB Global forms market partnership with Baltic Auto

2024-03-14 16:49 ET - News Release

Mr. Scott Guenther reports

IAA ANNOUNCES NEW MARKET ALLIANCE IN LITHUANIA

RB Global Inc.'s IAA has launched a new market alliance with Baltic Auto Shipping in the Eastern European country of Lithuania. This arrangement increases IAA's connectivity with the global buyer market and strengthens the company's presence in Eastern Europe. This alliance will help to broaden the market share of both companies in Lithuania and surrounding countries by enabling buyers in the region to research, bid and buy vehicles more efficiently.

"IAA continues to expand our international network of auction sites with the announcement of our new market alliance in Lithuania," said Scott Guenther, senior vice-president of U.S. operations for IAA. "Baltic Auto Shipping has a strong reputation for customer satisfaction and we look forward to meeting the needs of our Lithuanian buyers through this collaborative relationship."

"We are excited to work with IAA to help streamline the buying experience for our customers looking to import vehicles from the United States to Lithuania," said Andrejus Presniakovas, president of Baltic Auto Shipping. "In combination with IAA's industry-leading bidding platform, we look forward to being an on-the-ground resource for customers."

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 (original equipment manufacturers) and dealers; Xcira, a leader in live simulcast auction technologies; and VeriTread, an on-line marketplace for heavy haul transport.

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