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Hard Rock TBM »Ulrikke« takes Tunnelling in Norway to the next Level

Whether it's a world record with the longest railway tunnel on earth at the Brenner or the epoch-making Gotthard project: the business of mechanized tunnel boring through hard rock is currently reaching new heights in Europe. Now Scandinavia is discovering the advantages of mechanized tunnelling. With the breakthrough at the Ulriken Tunnel, the first major tunnel project in Norway using a Herrenknecht Gripper TBM has been successfully completed.

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Joy Global announces Agreement to be acquired by Komatsu in $3.7 billion all-cash Transaction

  • Komatsu committed to long-term growth of Joy Global, which will operate as a separate subsidiary of Komatsu

Joy Global Inc. (NYSE: JOY), a worldwide leader in high-productivity mining solutions, recently announced that its Board of Directors has unanimously approved a definitive merger agreement under which Komatsu America Corp., a subsidiary of Komatsu Ltd. (TYO: 6301), will acquire Joy Global in a transaction valued at approximately $3.7 billion, including Joy Global’s outstanding indebtedness.

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