NFM to focus on increasing TBM market

NFM Technologies has sold its Energy Business Unit dedicated to the design, implementation and maintenance of complex mechanical systems for the nuclear, oil & gas sectors and other industries to REEL to increase its competitiveness and organizational performance in the expanding and highly competitive TBM market.

NFM says it plans to expand its activities as a major player in the growing TBM market. “Focusing on our core business activity will enable us to leverage our expertise on the European tunnelling market. We are resolute and con dent for 2018,” says Luc Devaux, NFM CEO.

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NFM machines are currently being operated worldwide, in works such as the Lyon-Turin high speed railway, the Grand Paris Project and Singapore and London Metro Line extensions.