Ritchie Bros., a leading global marketplace for commercial assets and vehicles, is set to participate in bauma China 2024, showcasing its comprehensive suite of transaction solutions, insights, and services designed to meet the diverse needs of equipment buyers and sellers worldwide.

The event, which will take place from November 26-29, at the Shanghai New International Expo Centre, offers an opportunity for attendees to discover how Ritchie Bros. has evolved into a trusted partner for the construction and heavy machinery sectors. Visitors can learn more about the company's services and offerings by stopping by Booth N1.748, where the Ritchie Bros. team will be available to share insights and expertise.

With more than 66 years of experience, Ritchie Bros. has grown from its origins as a family-run auction business into a global leader in the equipment auction and asset management industry. Today, it provides a variety of selling channels, giving customers the flexibility to choose the option that best suits their requirements, whether they are looking to buy or sell equipment.

Highlights of Ritchie Bros.’ Selling Platforms

With a presence in  14+ countries and 60+ permanent auction sites, Ritchie Bros. provides unmatched global exposure. In 2023, Ritchie Bros. facilitated 594 auctions, selling over 629,000 assets to customers in more than 170 countries and attracting over 1.2 million bidders, 298,000 buyers, 14 million watchlists, and 153 million website visits, reflecting the significant trust and confidence the marketplace has earned across various industries worldwide through its different channels:

· Ritchie Bros. Online Unreserved Auctions: Known for transparency and fairness, the traditional unreserved auctions provide a trusted environment where equipment sells to the highest bidder, with no minimum or reserve prices.

· IronPlanet Featured Auctions: An online auction service that offers convenience for buyers and sellers. These events are tailored to specific equipment categories, such as the highly successful XCMG auction held in June 2024, with another XCMG event scheduled for December.

· Marketplace-E: A 24/7 online marketplace allowing sellers to list equipment with a reserved price, offering more control over sales while benefiting from Ritchie Bros.’ global buyer base.

Ritchie Bros. continues to expand its reach and services, providing industry-leading solutions that go beyond traditional auctions. Their platform includes market insights, asset valuation, fleet management, and logistics, ensuring a seamless buying and selling experience.

Meet Ritchie Bros. at bauma China 2024

At bauma China 2024, attendees will have the opportunity to interact with the Ritchie Bros. team and discover the comprehensive suite of services. Positioned at Booth N1.748, Ritchie Bros. will highlight its solutions tailored to the needs of the heavy equipment market. This engagement will offer insights into how the company continues to lead the industry with a focus on enhancing the buying and selling experience. Visitors can look forward to discussions on the latest market trends, asset management strategies, and how Ritchie Bros. remains dedicated to connecting global buyers and sellers effectively.

For more information about Ritchie Bros. and its upcoming events, visit www.rbauction.com.

About Ritchie Bros.

Ritchie Bros., an RB Global, Inc. (NYSE: RBA) (TSX: RBA) company, is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include:Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding;IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance®equipment condition certification;Marketplace-E, a controlled marketplace offering multiple price and timing options;Ritchie List, a self-serve listing service for North America;Mascus, a leading European online equipment listing service;Ritchie Bros. Private Treaty, offering privately negotiated sales; and sector-specific solutionsGovPlanet,TruckPlanet, andKruse Energy. The company's suite of solutions also includesfinancing and leasing throughRitchie Bros. Financial Services. For more information about Ritchie Bros., visitRitchieBros.com.