08:51 AM EST, 11/21/2024 (MT Newswires) -- RB Global, Inc. ( RBA ) , a global marketplace for commercial assets and vehicles, announced Thursday that IAA has launched a new market alliance with North America Trading L.L.C. in the country of Oman.

Through this agreement, a statement noted, IAA will open auction centers in three cities strategically located throughout Oman by the end of 2025. It said this strategic alliance reaffirms IAA's commitment to expanding its global buyer base by providing local services and assistance in new markets.

RBA -- with marketplace brands that 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-- was up $0.32 or 0.2% on the TSX yesterday.