Ritchie Bros has joined Leaseurope, the trade body representing the leasing and automotive rental industry in Europe, as its latest associate member. 

Ritchie Bros is a global asset management and disposition company established in 1958 and is listed on the NYSE and the Toronto stock exchange (TSX) with its European headquarters in Breda, the Netherlands. 

The company provides finance for its customers to buy and sell heavy equipment, trucks and other assets and more than $5.4bn (€4.5bn) worth of heavy equipment is transacted through the company’s auctions and marketplaces yearly, the company said. 

Ritchie Bros also provides fleet management services for data insights, valuation, asset recovery, refurbishing, shipping and financing industrial assets. The company, which has 40 locations worldwide, has over 2,000 full-time employees as part of its global operations. 

Christian Sonneville, strategic accounts manager Europe at Ritchie Bros, said: “Ritchie Bros has transitioned a great deal over the recent years. 

“With our modern fleet management solutions, international buyer network and services infrastructure, I believe we can bring more value to the leasing industry than ever before. 

“We’re very proud to be a member of Leaseurope and look forward to working closely with the organisation and its members.” 

Anne Valette, the director general of Leaseurope, said: “We are very pleased to welcome Ritchie Bros into a strong and committed group of Leaseurope associate members. 

“Our relationship with them dates back over ten years and I am convinced that their deep expertise in second-hand markets and asset management will add tremendous value to our members and Leaseurope.”

Leaseurope, as a federation, represents 46 associations across Europe ranging from hire purchase and finance leases to operating leases of all asset types (automotive, equipment and real estate) and also includes the rental of cars, vans and trucks. It is estimated that Leaseurope represents approximately 91% of the European leasing market.