Quick-to-implement, modern e-commerce platform
backed by powerful B2B network for dealers, fleets, distributors in
industrial goods industry
WESTCHESTER, Ill., Sept. 7,
2023 /PRNewswire/ - RB Global, Inc. (NYSE: RBA) (TSX:
RBA), a trusted global marketplace for insights, services and
transaction solutions for commercial assets and vehicles, today
announced that its subsidiary SmartEquip has released a major
enhancement to its digital parts commerce product. The new
SmartEquip e-Commerce Store 2.0 platform can help dealers, fleet
owners and authorized distributors in the industrial goods industry
to set up a branded, digital parts shop quickly and easily. Those
businesses can then manage their inventory, product support, sales
and customers in one easy-to-use, self-serve platform.
This advancement in parts commerce features a complete overhaul
of the previous user experience, while also incorporating an
intuitive and dynamic admin portal – all backed by SmartEquip's
one-of-a-kind parts catalog network. For businesses, this means the
ability to help their customers minimize cost of ownership by
providing access to relevant equipment details, including parts
diagrams, during their shopping experience.
"We were able to listen to customers during the beta program and
have introduced a slate of new features based on their feedback,"
said Matt Ackley, Chief Digital
Officer at RB Global. "This is just another example of how we are
expanding the scope of our platforms to meet the needs of our
customers across the industry."
"We're raising the bar with an e-commerce experience that
combines speed, convenience and an intuitive user experience, while
also providing a seamless integration with SmartEquip's Network of
OEM's and its powerful parts catalog library in a fully branded
environment," said SmartEquip CEO Fernando
Pinera. "This new platform is packed with features to help
dealers, fleets and distributors on the SmartEquip Network to drive
increased store traffic and engage potential customers."
More features:
- Admin Tool: Businesses manage their own content and
branding, enabling them to launch a white-label site quickly with
low-cost and low IT involvement.
- Customer Accounts: Buyers can create an account and
build a fleet profile with "My Equipment" to shop efficiently.
- Smart-Cart Technology: Innovative shopping cart
technology offers automated supersession management, quoting,
pricing and availability.
- Data Connector: Users already on the SmartEquip Network
can extend their current connection to brands on the Network
bringing pricing and inventory data directly to their
customers.
For more information about SmartEquip's e-Commerce Store 2.0
platform and other industry-best services, visit
rbglobal.com/services.
About RB Global
RB Global, Inc. (NYSE: RBA) (TSX: RBA) is a leading, omnichannel
marketplace that provides value-added insights, services and
transaction solutions for buyers and sellers of commercial assets
and vehicles worldwide. Through its auction sites in 14 countries
and digital platform, RB Global serves customers in more than 170
countries across a variety of asset classes, including automotive,
commercial transportation, construction, government surplus,
lifting and material handling, energy, mining and agriculture. The
company's marketplace brands include Ritchie Bros., the world's largest auctioneer of
commercial assets and vehicles offering online bidding,
and IAA, a leading global digital marketplace connecting
vehicle buyers and sellers. RB Global's portfolio of brands also
includes Rouse Services, which provides a complete end-to-end
asset management, data-driven intelligence and performance
benchmarking system; SmartEquip, an innovative technology
platform that supports customers' management of the equipment
lifecycle and integrates parts procurement with both OEMs and
dealers; Xcira, a leader in live simulcast auction
technologies; and VeriTread, an online marketplace for heavy
haul transport.
Forward-Looking Statements
Certain statements
contained in this release contain include forward-looking
information within the meaning of Canadian securities legislation
and forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, Section 21E of the
Securities Exchange Act of 1934, as amended, and the Private
Securities Litigation Reform Act of 1995 (collectively,
"forward-looking statements"). Forward-looking statements may
include statements relating to future events and anticipated
results of operations, business strategies, the expected timing and
associated benefits with respect to the release of the SmartEquip
e-Commerce Store 2.0 platform and other subjects of this
release on our business and plans regarding our growth
strategies, and to our customers and company generally, and other
aspects of RBA's or IAA's respective businesses, operations,
financial condition or operating results and other statements that
are not historical facts. Words such as "should," "may," "will,"
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates" "could," "can," "intends," "target," "goal,"
"projects," "contemplates," "believes," "predicts," "potential,"
"continue," "foresees," "forecasts," "estimates," "opportunity" and
similar expressions identify forward- looking statements. It is
uncertain whether any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of
them do, what impact they will have on the results of operations
and financial condition of the combined companies or the price of
RBA's common shares. Therefore, you should not place undue reliance
on any such statements and caution must be exercised in relying on
forward-looking statements. While RBA's management believe the
assumptions underlying the forward-looking statements are
reasonable, these forward-looking statements involve certain risks
and uncertainties, many of which are beyond RBA's control, that
could cause actual results to differ materially from those
indicated in such forward-looking statements, including but not
limited to: the effects of the business combination of RBA and IAA,
including the combined company's future financial condition,
results of operations, strategy and plans; potential adverse
reactions or changes to business or employee relationships,
including those resulting from the completion of the merger; the
diversion of management time on transaction-related issues; the
response of competitors to the merger; the ultimate difficulty,
timing, cost and results of integrating the operations of RBA and
IAA; the fact that operating costs and business disruption may be
greater than expected following the consummation of the merger; the
effect of the consummation of the merger on the trading price of
RBA's common shares; the ability of RBA to retain and hire key
personnel and employees; the significant costs associated with the
merger; the outcome of any legal proceedings that could be
instituted against RBA; the ability of the combined company to
realize anticipated synergies in the amount, manner or timeframe
expected or at all; the failure of the combined company to realize
potential revenue, EBITDA, growth, operational enhancement,
expansion or other value creation opportunities from the sources or
in the amount, manner or timeframe expected or at all; the failure
of the trading multiple of the combined company to normalize or
re-rate and other fluctuations in such trading multiple; changes in
capital markets and the ability of the combined company to generate
cash flow and/or finance operations in the manner expected or to
de-lever in the timeframe expected; the failure of RBA or the
combined company to meet financial forecasts and/or KPI targets;
legislative, regulatory and economic developments affecting the
business of RBA; general economic and market developments and
conditions; the evolving legal, regulatory and tax regimes under
which RBA operates; unpredictability and severity of catastrophic
events, including, but not limited to, pandemics, acts of terrorism
or outbreak of war or hostilities, as well as RBA's response to any
of the aforementioned factors. Other risks that could cause actual
results to differ materially from those described in the
forward-looking statements are included in RBA's periodic reports
and other filings with the Securities and Exchange Commission
("SEC") and/or applicable Canadian securities regulatory
authorities, including the risk factors identified under Item 1A
"Risk Factors" and the section titled "Summary of Risk Factors" in
RBA's most recent Annual Report on Form 10-K for the fiscal year
ended December 31, 2022, and IAA's
periodic reports and other filings with the SEC, including the risk
factors identified under Item 1A "Risk Factors" and the section
titled "Summary of Risks Affecting our Business" in IAA's most
recent Annual Report on Form 10-K for the fiscal year ended
January 1, 2023. The forward-looking
statements included in this release are made only as of the date
hereof. While the list of factors presented here is considered
representative, no such list should be considered to be a complete
statement of all potential risks and uncertainties. Many of these
risk factors are outside of our control, and as such, they involve
risks which are not currently known that could cause actual results
to differ materially from those discussed or implied herein. RBA
does not undertake any obligation to update any forward-looking
statements to reflect actual results, new information, future
events, changes in its expectations or other circumstances that
exist after the date as of which the forward-looking statements
were made, except as required by law.
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SOURCE RB Global