Ritchie Bros has acquired IronPlanet, the online used equipment and auction marketplace. Founded in 1999, the US-based IronPlanet sells machinery primarily through online platforms, with weekly online auctions. In 2015, it sold around $787 million (Rs.704 million) worth of equipment. Collectively, Ritchie Bros and IronPlanet sold over $3 billion (Rs.2.7 billion) worth of equipment in the 12 months to 30 June 2016.