Volvo Construction Equipment has acquired the engine remanufacturing-related assets of Echo Industries Inc. (Echo), based in Charlotte, NC. The company is the primary supplier of remanufactured engines to Volvo CE in North America. The acquisition was effective 28 June.
“Remanufactured components for our construction equipment play a key role in developing Volvo CE’s service to our customers,” Scott Hall, Volvo CE executive vice president of sales and marketing said. “The acquisition of Echo’s engine remanufacturing-related assets secures for us a very strong platform from which to develop our North America engine remanufacturing business.”
The market for Volvo CE’s remanufactured engines has become quite substantial since they are updated to the latest version with the latest technical improvements. They are subjected to extensive testing and have the same warranty as new engines.
Operations at Volvo CE’s newly acquired engine remanufacturing facility will continue to be carried out by the current staff of 31.