CAT pounces on Eurenov

CATERPILLAR has bought French-based remanufacturer Eurenov, which the company says will broaden its exposure to the European automotive and industrial engine and transmission remanufacturing market.

Eurenov operates primarily from Chaumont, France, and has another facility in Radom, Poland, serving leading European automotive manufacturers. It sells products including remanufactured engines, new and remanufactured transmissions, and remanufactured fuel pumps to original equipment manufacturers (OEMs). Eurenov has about 155 employees.

Caterpillar Remanufacturing Services general manager Steve Fisher said the purchase was a strategic fit. "Eurenov's experienced team of employees and managers will be a great addition to the Cat Reman organisation. We expect their efforts will complement the remanufacturing work we are currently performing in Europe. Their customer relationships and technical knowledge, combined with Caterpillar's know-how and expertise, will strengthen our position in this growing market."

The acquisition will occur through a two-phase process, with Caterpillar obtaining full ownership in 2007, subject to the completion of legal and regulatory requirements.
Caterpillar Remanufacturing Services offers integrated solutions for remanufacturing development and operations, core management and distribution.

One of the world's largest remanufacturers, it operates facilities in the US, Britain and Mexico to serve its parent company and other OEMs. Cat Reman recovers materials through differentiated technology and employs environmentally sustainable practices to restore components to like-new condition.