caterpillar buys maker of tunnel boring machines

by:Gewinn     2019-08-27
NEW YORK (Reuters)-
Caterpillar Corporation (CAT. N)
The world\'s largest manufacturer of earth
On Wednesday, Mobile said it had acquired Lovat, the tunnel maker-Boring machine
Caterpillar says Lovat will join its global mining division in charge of the development of the company\'s tunnels. Boring business
The financial terms of the transaction have not yet been disclosed.
Lovat\'s machines are used for the construction of tunnels for railways, water pipes, high-voltage cables and telecom networks.
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