Robbins Brand Acquired by Global TBM Company
Underground construction industry veteran Lok Home recently established the Global TBM Co., and on Feb. 8, announced the purchase of substantially all the assets of The Robbins Co.
The company, headquartered in Solon, Ohio, will operate as Robbins with Home as the president and CEO. The acquisition will result in a seamless transition for a number of ongoing projects throughout the world, as Robbins renews its commitment to service, quality underground equipment, and top-notch support that its customers have come to expect.
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For a brief message from Home, view the video here.
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 said. “In 2021 and beyond, our clients can depend on Robbins to deliver high quality machines, and technically superior machines for very difficult projects. That’s where Robbins really stands out.”
Home went on to say that Robbins is starting 2021 with no significant bank or institutional debt.
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“We have many projects to look forward to,” Home said “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.
The company expects to continue with exciting new developments as well, including a soon-to-be-unveiled non-circular rock boring machine. Robbins remains focused on creativity and innovation to solve the industry’s greatest challenges.
SOURCE – Robbins