Ritchie Bros. to Acquire Parts, Service Technology Company SmartEquip

Ritchie Bros. Auctioneers and SmartEquip announced that they have entered into a definitive agreement under which Ritchie Bros. will acquire SmartEquip for approximately $175 million. Completion of the acquisition is subject to customary closing conditions, including, among other conditions, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended....

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