Rail

Caterpillar acquires Lovat Inc.

Posted on April 4, 2008

Caterpillar Inc. has acquired Lovat Inc., a global manufacturer of tunnel-boring machines used in the construction of metro, railway and other types of tunnels.  


Rick Lovat, president and chief executive officer of Lovat Inc., will join Caterpillar’s Global Mining Division, which supplies support equipment to the surface mining sector, and provides production, support and technology solutions for surface and underground hard-rock mining.  


The financial details of the acquisition are not being released.

View comments or post a comment on this story. (0 Comments)

More News

NY rail systems begin using work trains to clear 'slimy leaf debris'

A specialized Metro-North work train sprays water at high pressure, and specially equipped highway/rail trucks use rail scrubbers to remove crushed leaf residue from the tracks.

CRRC announces ship date for MBTA pilot cars

The company is the first Chinese railcar builder to enter into the U.S. rail car manufacturing market.

STV, WSP USA to support L.A. Metro rail vehicle acquisition

Acquisition of new heavy rail vehicles and associated equipment that will play a key part in Metro’s systemwide rail expansion over the next decade.

Stadler breaks ground on railcar manufacturing plant in Salt Lake City

Its 62-acre property boasts 75,000 square feet of production space for the bogie, main, pre- and final assembly of single- and bi-level trains.

Stadler, Fort Worth Transportation Authority unveil 1st U.S. FLIRT train

The new commuter trains for TEXRail have been designed to reach maximum speeds of 81 mph and boast a coupled length of 266 feet each.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close