Alamo Group Acquires UK Roadway Equipment Manufacturer Econ Engineering for $158.7 Million
Alamo Group (NYSE: ALG) has completed the acquisition of Econ Engineering Group, a United Kingdom-based manufacturer specializing in roadway maintenance vehicles and equipment. The transaction is valued at £120 million, which converts to approximately $158.7 million. Founded in 1969, Econ Engineering provides critical infrastructure products including gritters, de-icing vehicles, road repair machinery, and multi-purpose truck bodies. Additionally, the company manages a significant rental fleet consisting of roughly 1,300 vocational trucks, expanding Alamo Group's international footprint and product portfolio in the specialized vehicle sector.
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