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Caterpillar acquires manufacturer of tunnel boring machines Lovat
(06/06/2008)

Caterpillar Inc. and Lovat Inc. announced today that Caterpillar has acquired Lovat, a global manufacturer of tunnel boring machines used in the construction of metro, railway, road, sewer, water main, penstock, mine access, high voltage cable and telecommunications tunnels. The financial details of the acquisition are not being released. Rick Lovat, president and chief executive officer of Lovat Inc., will join Caterpillar's Global Mining Div... [more]

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