US-based tunnel boring machine (TBM) specialist, The Robbins Company, has joined forces with Chinese heavy machinery manufacturer, Northern Heavy Industries Group. Co., Ltd.
Headquartered in Solon, Ohio, The Robbins Company is the world’s foremost developer and manufacturer of large diameter hard-rock TBMs. It also designs and manufactures continuously extending conveyors for use behind TBMs. Robbins sells its TBMs worldwide for large highway, railroad, hydroelectric and utility tunnels. The Chunnel connecting England and France was excavated using Robbins’ TBMs.
Northern Heavy Industries Group Co., Ltd. (NHI), headquartered in Shenyang, China, is a wholly state-owned company established through the combination of Shenyang Heavy Machinery Group Co., Ltd. and Shenyang Mining Machinery Group Co., Ltd. In 2007, NHI acquired NFM Technologies, a French TBM manufacturer, becoming an international enterprise. In 2009, NHI became one of the top 500 Chinese companies, ranking among the top three in the Chinese heavy machinery industry. NHI manufactures approximately 7,000 products for power production, building materials, metallurgy, mining, ports, environmental protection, forging, fracturing equipment, coal machinery, transmission machinery and tunneling. NHI has complete facilities for design, test, inspection and measurement, R&D and manufacturing operations.
Oaklins' team in Cleveland, USA, provided financial advisory services to Robbins in this transaction. Oaklins' Chinese and German teams assisted with strategic support and cross-border expertise throughout the project. This deal is another example of the seamless cooperation between Oaklins' member firms, demonstrating the organization’s added value through its global execution capabilities, industry expertise and contacts.
Lok Home, President of The Robbins Company, who will assume the role of President of the merged enterprise, said: "The Cleveland team, working with other Oaklins member firms, were outstanding advisors for The Robbins Company in this merger. Their industry expertise and ability to operate effectively in China enabled us to close a very successful deal. We could not be more pleased with the outcome and the services they provided.”
Mark A. Filippell
Ralph M. Della Ratta, Jr.
Dr. Florian von Alten
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