Global TBM Company acquires Robbins
Global TBM Company has purchased the assets of The Robbins Company. The company will operate as Robbins with Lok Home as the President and CEO. The acquisition will result in a seamless transition for a number of ongoing projects throughout the world.
Home said the company has a bright future as a result of the transaction. "We are starting off the new year with a respectable backlog of orders," he noted. "In 2021 and beyond, our clients can depend on Robbins to deliver high quality machines, and technically superior machines for very difficult projects."
Home went on to say that Robbins is starting 2021 with no significant bank or institutional debt. "We have many projects to look forward to," he continued. "Robbins is currently delivering Crossover machines and TBMs equipped for challenging geological conditions in many countries including the U.S., Norway, India, China and Canada." The company's conveyor and small boring machine divisions will also continue to deliver equipment worldwide.
Home emphasized that Robbins has always been focused on building the best and strongest machines. He pledged that they will continue to do that. "We still have our strong engineering team and we plan to continue our many industry involvements including the International Tunneling Association (ITA) and its associate member organizations. We're glad to be a part of this community and this industry," Home added.