Caterpillar Announces Entry Into Tunnel Boring Business With Acquisition of Lovat Inc.

PEORIA, Ill. – Caterpillar Inc. (NYSE: CAT) and Lovat Inc. announced today that Caterpillar has acquired Lovat, a leading 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.

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