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

Alstom to supply new generation metros to Greater Lyon

The binding part of the order includes the delivery of 30 metros for an amount of $152 million dollars.

Texas' TRE increases frequencies, extends service hours

The new schedule features weekday train service every 30 minutes during peak periods. For evening, mid-day and Saturday service, the frequency will be every 60 minutes.

First Hitachi-made rail vehicles for Miami-Dade unveiled

The Miami-Dade Metro contract amounts to about $300 million dollars representing a total quantity of 68 trains (136 cars).

WMATA report on running red lights calls for capping speeds, brighter bulbs

Plans to upgrade signals with LED bulbs at the following problem-spots by the end of the year: National Airport, Silver Spring, Vienna, Grosvenor, Largo, and Farragut North.

Dallas' rail-connected development driving regional growth, study says

Completed or under-construction TOD near DART stations has already generated $69 million in state and local tax revenue.

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



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