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German tunneling company Mühlhäuser in insolvency and parts up for sale, it seems
Tunnelling Journal reported on 7 August 2019 that the German tunneling powerhouse Mühlhäuser hit preliminary insolvency procedures and its parts are up for sale.
Journal says " SMT Scharf AG is considering in detail the acquisition of significant assets of Karl H Mühlhäuser GmbH & Co KG and Mühlhäuser-Obermann GmbH, both in Michelstadt, Germany, both of which saw preliminary insolvency proceedings open on June 28, 2019. "
To read Tris Thomas' news click on this: https://tunnellingjournal.com/smt-scharf-looks-buy-key-muhlhauser-assets/
Mühlhäuser had recently bought the French TBM producer NFM Technologies (ex NHI company). I understand it was a new hope for stability for NFM but then somebody posted a news from a local French newspaper that NFM workers are not being paid and they organized some sort of temporary strike:
Do you think NFM is part of the SMT Scharf AG deal?
Any insider info?
at least Obermann is saved it reports the German press
Mühlhauser owned NFM Technologies' workers Have Not Been Paid for Salaries. No TBM Orders, No Money
The same had happened some months ago, resulting in temporary strike.
cover tunnel photo by: Matt Brown from London, England / CC BY
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Muhlhauser too?