Randall-Reilly, the parent company of Equipment World, has acquired the Asset Intelligence business unit from Informa, which includes Equipment Watch, Price Digests and FleetSeek.
The trio of brands provide price data, insights, and proprietary insights to companies making decisions and investing in heavy construction equipment, utility vehicles and other infrastructure assets.
“Strategically, these highly regarded brands are really helping us move forward to become the go-to source for pricing and analysis in America’s most vital industries,” said Matt Reilly, President and CEO of Randall-Reilly . “They perfectly complement our equipment market information platforms, EDA and Rig Dig, and equipmentexperts.com, our performance-based used equipment market. “
Equipment Watch is a leader in construction equipment valuation and operating cost data for contractors and state DOTs. Price Digests is a leading provider of commercial truck valuation information and data to insurers and other players in the commercial vehicle value chain. FleetSeek is a database of 500,000 carriers with market information used by providers of trucking products and services.
“We wish the Asset Intelligence team continued success under their new owner,” said Simon Ferguson, President of Informa Intelligence. “They have much to be proud of and we are confident that Randall-Reilly will drive the growth of these leading brands.”
“Adding this information to our existing platforms means no other company understands the behavior and risk profile of heavy equipment buyers better than Randall-Reilly,” said Prescott Shibles, Executive Vice President and General Manager of the Randall-Reilly division.
Randall-Reilly is a leading data, pricing and analytics platform for transportation, construction, agriculture and other industrial markets.