XCMG E-Commerce Inc Selects Machinio as Key Partner in Post-Market Program
January 19 2024 - 7:00AM
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 Robin Hargadon, vice president and general
manager, Machinio. “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.
“Machinio sees incredible opportunities in China to continue to
expand our advertising footprint for equipment manufacturers and
dealers, as well as introduce our other Machinio System CRM and
website hosting services,” Hargadon said.
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.
To view all 6,000 refurbished construction machinery assets,
visit Machinio.com.
About Machinio Acquired by Liquidity
Services in 2018, Machinio is one of the leading global online
platforms for buying and selling machinery and equipment. By
offering annual subscriptions to more than 3,750 dealers, brokers,
manufacturers, and other suppliers of used equipment, sellers
efficiently market their inventory to more than 12.5 million users
across 190 countries. Machinio’s robust search platform lists more
than 1.2 million assets for sale valued at over $25 billion.
Machinio also provides equipment sellers a suite of online tools
and software to optimize business performance.
About Liquidity ServicesLiquidity Services
(NASDAQ: LQDT) operates the world’s largest B2B e-commerce
marketplace platform for surplus assets with over $10 billion in
completed transactions to more than five million qualified buyers
and 15,000 corporate and government sellers worldwide. The company
supports its clients' sustainability efforts by helping them extend
the life of assets, prevent unnecessary waste and carbon emissions,
and reduce the number of products headed to landfills.
Contact: Antonio
Liottaantonio.liotta@liquidityservices.com
Photos accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/73488296-cffe-42cb-ba72-53c1548a33eahttps://www.globenewswire.com/NewsRoom/AttachmentNg/a4598952-f624-4b72-9d4e-bd6a0b146c25
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