BRIEF-Ritchie Bros announces acquisition of Petrowsky Auctioneers

Tue Aug 2, 2016 6:04pm EDT
 
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Aug 2 (Reuters) - Ritchie Bros. Auctioneers Inc

* Ritchie bros. Announces acquisition of petrowsky auctioneers

* Purchased assets of petrowsky auctioneers inc. For cash consideration of us$7 million

* Additional consideration may be provided, contingent upon certain operating performance targets being achieved over next 3 years

* Petrowsky brand will be maintained as a brand extension within ritchie bros. Family of brands

* Ritchie bros. Announces acquisition of petrowsky auctioneers

* Sammy piotrkowski, founder of petrowsky auctioneers, will continue to lead this business for ritchie bros Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)