Liquidity Services (NASDAQ: LQDT), a leading global commerce company powering the circular economy, today announced Asia-based multinational corporation XCMG E-commerce Inc has selected Machinio, one of the leading global online platforms for buying and selling machinery and equipment, to facilitate the sale of more than 6,000 refurbished construction machinery assets as part of its ‘Reconditioned
Machine’ refurbishment program. XCMG E-commerce Inc is a subsidiary of XCMG, a renown global heavy equipment manufacturer.
“We are excited that the Machinio team in China has been able to develop a relationship with and win the business of a well-known brand like XCMG,” said Machinio Vice President Robin Hargadon. “Their trust reflects the increased value Machinio brings to Chinese equipment sellers through our classified marketplace by providing more exposure, both locally and internationally.”
This sale marks the second year Machinio has served as a key partner in XCMG’s ‘XCMG Reconditioned Machine’ program, wherein the organization collects used XCMG assets and conducts a thorough reconditioning process which includes more than 150 specialists performing machine disassembly, repairs, painting, rebuilding, and testing before leveraging Machinio’s expansive global marketplace platform to remarket and extend the life of these assets.
The available assets contain a mix of high-value reconditioned equipment including XCMG-brand Skid Steer Loaders, multiple Hydraulic Crawler Excavators, and a 180-ton Crawler Crane.
LQDT shares squeezed up four cents to $16.94.
