28 November 2018 – the Commercial Court of Lyon approved the bid offer to acquire the assets of NFM Technologies, the last French manufacturer of Tunnel Boring Machines (“TBM”), by the German Mühlhäuser.
This acquisition involves 80 industrial jobs and the French company’s advanced know-how.
Mühlhäuser is recognized across the world for its underground machinery solutions. It has been pioneering many underground logistic solutions and created references on the world´s most famous tunnel projects such as the longest undersea tunnel in the world – the Channel tunnel between Calais and Folkestone.
With this decision, this new Franco-German player will offer a complete range of equipment in the field of underground works and will continue its collaboration with the major key players in the TBM market.
As a reminder, in October 2018, Vivien & Associés’ Restructuring team had already advised Jellej Jouets on the sale plan of Toys R Us France (1,100 employees).
Mühlhäuser was advised by Vivien & Associés’ Restructuring team led by Laurent Assaya (Partner) and Maximilien Talbot (Associate).