Finning, IronPlanet team up for used heavy-equipment auction

Finning International and IronPlanet said last week that they will partner to jointly market used heavy equipment at an unreserved auction marketplace owned by IronPlanet called Cat Auction Services.

This is IronPlanet’s first Canadian Cat Auction Services live unreserved public auction, which will take place in Edmonton, Alberta, Canada, on Oct. 21.

The live-auction platform will help Finning and its customers receive the best returns for their asset-disposal process. Through this platform, Finning and its customers will be able to reach 1.4 million worldwide users registered with IronPlanet.

In exchange, IronPlanet customers will gain from the international presence of Finning. They also will be able to either buy or sell used heavy equipment through several markets.

“We are excited to partner with Finning and to announce our first physical auction in Canada,” Gregory Owens, IronPlanet’s chairman and CEO, said. “Our alliance with Finning supports IronPlanet’s critically important Canadian expansion efforts and furthers our ability to service our customers in Canada – and internationally – given Finning’s presence in South America, the United Kingdom and Ireland. IronPlanet is building the strongest used-heavy-equipment marketplace in the industry by offering our buyers access to a wide selection of used construction equipment, oil and gas services equipment, and trucks across multiple auction platforms. We are pleased to be working with Finning, a leader in the world of heavy equipment, to serve customers globally.”

Organizations in this Story

Finning (Canada) Finning International IronPlanet

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