New IAA Auction Center expands company’s reach in Eastern Europe
RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that 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, Sr. 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
RB Global, Inc. (NYSE: RBA) (TSX: RBA) 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 online 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 lifecycle 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.
