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General Information | 12 Months Ended
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Dec. 31, 2020
General Information |
General Information | Notes to the Consolidated Financial Statements (Tabular amounts expressed in thousands of United States dollars, except where noted) ​ 1. General information Ritchie Bros. Auctioneers Incorporated and its subsidiaries (collectively referred to as the “Company”) provide global asset management and disposition services, offering customers end-to-end solutions for buying and selling used industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. Ritchie Bros. Auctioneers Incorporated is a company incorporated in Canada under the Canada Business Corporations Act, whose shares are publicly traded on the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”). ​ On December 8, 2020, the Company acquired all the issued and outstanding units of Rouse Services LLC (“Rouse”), which has been consolidated from the date of acquisition. Rouse is a leader in construction equipment market intelligence. Rouse generates its revenues by delivery of appraisals, used equipment sales support, and rental metrics benchmarking solutions to its customers. Please refer to Note 4 for further information.

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