# Ritchie Bros. receives approval to complete IronPlanet acquisition

Ritchie Bros. received U.S. Department of Justice approval to complete its $758.8 million acquisition of online auctioneer IronPlanet.

- Type: Acquisition
- Announced: 2017-05-24
- Where: United States
- Value: $758.8M
- Status: announced
- Products: heavy equipment auction services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ritchie Bros.](https://endata.com/companies/20065.md) (acquirer)
- [IronPlanet](https://endata.com/companies/24497.md) (target)

## Sources

- [ttnews.com](https://www.ttnews.com/articles/richie-bros-receives-go-ahead-complete-acquisition-ironplanet), 2017-05-24: "In IronPlanet, we found a company that allows us to continue our rich history of innovation and gives us the tools and talent to transform into a digital information and insights powerhouse."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.