Trading site IronPlanet achieves Kruse control
20 November 2014 by Daniel SearleIronPlanet, an online trading website for used heavy equipment, has acquired oilfield equipment auction specialist Kruse Energy And Equipment Auctioneers.
Gregory J. Owens, chief executive at IronPlanet, said: "IronPlanet and Kruse together will give our oil and gas customers the channels they need -- either traditional auctions or online marketplaces -- to achieve their time to market and pricing objectives.
"IronPlanet will benefit from Kruse's expertise and leading position in the industry, and likewise, Kruse will broaden its reach by leveraging our online technology marketplace and global buyer base. This combination strongly positions IronPlanet for further growth in the oil and gas industry, an area where we see significant growth potential."
