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IAA Announces Rebrand of SYNETIQ Auction Operations to IAA

Doncaster, England – April 11, 2025 – IAA Holdings, LLC, an RB Global company (NYSE: RBA) (TSX: RBA) and a leading global marketplace connecting vehicle buyers and sellers, today announced that its UK-based auto auctions will be transitioning to the globally recognized IAA brand. The rebrand supports the company’s global growth strategy and underscores its ongoing commitment to investment, innovation and customer excellence in the UK market. Vehicle parts, dismantling and recycling operations will continue to operate under the SYNETIQ brand. 

 

IAA Announces Rebrand of SYNETIQ Auction Operations to IAA p

“We are delighted to align the UK auction business with the IAA global brand, strengthening our clients’ connection to industry-leading products, services, cutting-edge technology and our expansive global buyer network,” said Jonathan Pervin, UK Managing Director for IAA and SYNETIQ. “We remain committed to investing in local infrastructure, empowering leadership and delivering exceptional service as we help our clients to navigate the diverse sectors of the UK salvage vehicle industry.”

“IAA is known worldwide as a leading online salvage vehicle platform that can quickly and efficiently connect buyers and sellers,” said Karl Werner, Chief Business Development Officer for RB Global. “As we continue to increase IAA’s footprint internationally, our clients and customers benefit from a consistent experience with one brand. We will continue to leverage our UK team’s long tradition of exceptional customer service along with IAA’s industry-leading innovation to build on our existing business in the United Kingdom.” 

About IAA

IAA Holdings, LLC (IAA), an RB Global company (NYSE: RBA) (TSX: RBA), is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles. IAA serves a global buyer base – located throughout over 170 countries – and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organizations. 


For more information on IAA in the UK, visit IAAI.co.uk, and for more information about RB Global, visit RBGlobal.com.

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.  The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.  e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts. 

The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.  Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.  

The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.  Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.  e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership. 

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