Ritchie Bros to acquire online vehicle marketplace IAA for $7.3bn
Ritchie Bros. Auctioneers, a Canadian auction company, has agreed to acquire IAA, a US-based digital marketplace for vehicle buyers and sellers, in a stock and cash transaction valued at around $7.3 billion, including $1 billion of net debt. The acquisition is expected to help Ritchie Bros expand into the vehicle remarketing segment and fast-track its […]