| Ritchie Bros. Auctioneers Incorporated (Ritchie Bros.) is an auctioneer of industrial equipment. As of December 31, 2007, it operated from over 110 locations, including 37 auction sites, in more than 27 countries worldwide. It sells, through unreserved public auctions, a range of industrial assets, including equipment, trucks and other assets used in the construction, transportation, mining, forestry, petroleum, material handling, marine, real estate and agricultural industries. Its customers are both buyers and sellers of equipment, trucks and other industrial assets. The majority of its buyers are end users of equipment, such as contractors, with the remainder being primarily truck and equipment dealers and brokers. During the year ended December 31, 2007, it conducted 183 unreserved industrial auctions at locations in North America, Europe, the Middle East, Australia and Asia. During 2007, it also conducted 177 unreserved agricultural auctions in Canada and the United States. |
