Company to utilize SmartEquip’s service support and procurement solution across seven countries
NORWALK, CT, USA & PARIS, FRANCE (June 9, 2022) – SmartEquip, a Ritchie Bros. company, welcomes Europe’s largest equipment rental company, Loxam, to its global equipment service and parts procurement network. In addition to supporting Loxam locations across France, where the solution is scheduled to go into its pilot testing phase in autumn, the platform is subsequently scheduled also to cover the company’s international business units in Belgium, Denmark, Germany, Ireland, the Netherlands, and Switzerland.
“We are delighted to welcome European industry leader Loxam to the SmartEquip Network, and to work together in creating a broad set of equipment lifecycle efficiencies for the company,” says Alexander Schuessler, SmartEquip’s founder and president of its international group. “And while Loxam’s equipment base is diverse and covers a wide geographic footprint, many of the company’s suppliers are already part of the global SmartEquip Network and are eager to further expand their use of the platform with this implementation.”
SmartEquip’s platform will connect suppliers directly with the parts and service workflow of Loxam’s individual locations, providing benefits to both sides. These suppliers will be able to provide real-time, equipment-specific service support at reduced effort and begin to receive electronic orders for parts and other items. Loxam, in turn, expects to benefit from service technician time savings, improved spare part procurement efficiencies, as well as increased equipment uptime.
“SmartEquip’s platform represents a natural fit with Loxam’s current digitization initiatives,” adds Thierry Lahuppe, Loxam Equipment Director. “The solution’s combined approach to electronic spare parts procurement, digital service technician support, and to reducing equipment downtime, represents large opportunities for lifecycle efficiency improvements and enhanced profitability.”
With Loxam’s addition, SmartEquip now supports the five largest construction equipment rental companies in the world, including United Rentals, Sunbelt Rentals, Aktio, and Herc, alongside approximately 100 rental fleets and more than 650 suppliers across North America, Europe, and Japan.
N° 1 in Europe and n° 4 worldwide, LOXAM is the market leader for the rental of equipment and tools for building and public works, industry, landscaping and services. With revenue of €2.2 billion in 2021, 1,160 branches and 11,370 employees, the LOXAM Group is established in 30 countries in Europe and has the largest machine fleet on the market, with more than 650,000 items of equipment to anticipate, support and fulfill growing demand from companies that wish to outsource the procurement, management and maintenance of their equipment. www.loxam.com
SmartEquip is the leading technology standard for equipment lifecycle management, service, and procurement support for the construction industry. The platform provides a multi-brand common connection and user experience for fleet owners and distributors of complex equipment.
SmartEquip enhances ROI for all Network participants by increasing equipment uptime, improving both technician wrench time and transaction accuracy, while reducing the total cost of equipment ownership. The SmartEquip Network currently supports more than 650 OEM brands, with over 95,000 users across more than 42,000 equipment locations globally. The Network supports over $1 billion in parts transactions annually and the company is led by veterans of construction, technology and data sciences. Founded in 2000, SmartEquip is positioned to define tomorrow’s dynamic and evolving equipment industry.
About Ritchie Bros.:
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry, the company’s selling channels include: Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer offers live auction events with online bidding; IronPlanet, an online marketplace with featured weekly auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; and Ritchie Bros. Private Treaty, offering privately negotiated sales. The Company’s suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system. Ritchie Bros. also offers sector-specific solutions including GovPlanet, TruckPlanet, and Kruse Energy, plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are available at rbauction.com/media.
For more information, please contact:
Ian Malinski, Ritchie Bros.
Corporate Communications Lead
Marketing Manager, SmartEquip