Former Assets of

Lovsuns Tunneling Canada Ltd.

2-Day World Class & Multi-Million Dollar Heavy Machine Tool Event!


August TBD, 2018

Start Time

10:00 AM EDT


Details coming soon!


Details coming soon!


Lovsuns Tunneling Canada Ltd.
441 Carlingview Drive, Toronto, Ontario, Canada, M9W 5G7


Machining | Fabricating

Corporate Assets Inc. is pleased to announce its recent acquisition of the former assets of Lovsuns Tunneling Canada Ltd.—a world famous tunnel boring equipment manufacturing facility located just minutes from the Toronto International Airport! This facility was first established in 1972 by the former Lovat Tunnel Equipment company and subsequently purchased by Caterpillar in 2008. It has undergone an incredible amount of modernization over the years as it was upgraded, and is equipped with some of the most advanced manufacturing technologies available in the industry today. This exceptional 2-Day Public Auction will allow buyers to equip their facilities with high quality heavy machining & fabricating equipment. Mark your calendars as this is an event not to be missed!


FEATURING: WALDRICH COBURG (PURCHASED NEW IN 2012 FOR OVER $10M USD!) POWER TURN 8000 AS, 7-Axis 315” CNC vertical boring & live milling center w/ 200 ton table capacity & head changer; CRAVEN 312”/440” vertical boring mill w/ dual swivel rams, 150 ton table capacity, table extensions, spare chuck jaws, etc.; BLANSKO SKJ 32/63, 157”/248” CNC open side vertical boring & horizontal milling machine; G&L HYPRO 144” vertical boring mill w/ dual swivel rams; STANKO 110” vertical boring mill w/ dual swivel rams; UNION (2007 – REPLACES FOR WELL OVER $2.5M USD!) PCR 160 PLUS, 6.29” CNC floor/ram type horizontal boring mill w/ universal & right angle heads, 118” x 118” CNC in-feeding rotary table, 2800 RPM spindle & 40 ATC etc.; INDUMA 5” CNC table type horizontal boring mill w/ (2) universal & right angle head attachments; (4) 271” x 94.5” x 14” T-slot floor plates; (1) 79” x 271” x 14” T-slot floor plate; (3) 240” x 96” x 13” T-slot floor plates; (2) 73” x 137” x 13” T-slot floor plates; (1) 84” x 286” x 13” T-slot floor plate; (2) AMADA/WASINO (DEC 2011 & INSTALLED 2012) G-06, high precision CNC gang type turning centers w/ robotic load/unload (VERY LOW HOURS, ONLY CUT PLASTIC!); DAEWOO (2005) PUMA MX 2500 ST, CNC opposed spindle live milling & turning center; PBR (1998) T35, CNC flat bed lathe; PBR T450, CNC turning center w/ 36” x 180” capacity; MAHO GRAZIANO GR400C, CNC turning center; AGMA (2006) VMC-199, CNC 4 axis vertical machining center; DAEWOO (2002) DMV 4020D, CNC 50 taper 4 axis vertical machining center; HMW AV90, table type horizontal boring mill w/ tailstock; ZOLLER SMILE 800, tool presetter; (5+) RED ROCK (2012) tank turning driver & idler sets up to 150 ton capacity; MARVEL (2010) F2150APC, automatic tilting head roll in vertical band saw; FABMASTER (2008) HBM40, horizontal tube bender; (2) EMA 4’ & 3’ radial arm drills; ESAB AVENGER 12’ x 30’ CNC plasma table; LINCOLN (2010) high performance fume extraction system; VANGUARD (2007) S10, 2200 lb capacity welding positioner; (75+) LINCOLN , MILLER & ESAB welders; BRODERSON (ONLY 2800 HRS!) IC-200-2C, 15 ton carry deck mobile crane; COMBILIFT (2009) 10,000 lb diesel side loader; (2) SKYJACK (2008) SJ4626, electric scissor lifts; HYSTER GP40, 8000 lb outdoor LPG forklift; CATERPILLAR GP40, 6650 lb outdoor LPG forklift; CATERPILLAR E6500-AC, 6500 lb electric forklift; HYSTER GC25, 5000 lb LPG forklift; MERLI CLOVER OC30, 36” x 190” hollow spindle engine lathe w/ 12.5” bore; CLOVER 24” x 120” engine lathe; GRAZIANO 26” x 60” engine lathe; MAS V084, 15’ radial arm drill; CSEPEL RFH-100-3000, 10’ radial arm drill; RAMBOUDI CNC universal milling machine; (2) INGERSOLL RAND 150HP air compressors w/ dryers; (2) PARKER hydraulic hose crimpers; (5+) 40’ sea containers; MASSIVE OFFERING OF welding support equipment, lifting chains and shackles up to 200 ton capacity, 150 tons + of useable and scrap steel, outdoor cantilever storage racks, magnetic sheet lifters, portable fume extractors, spare 12’ round T-slot machine table, (15+) LISTA tool cabinets & benches full with high precision tooling, hydraulic shop presses, machine tool accessories, adjustable racking, factory support equipment & MUCH MORE!


Terms & Conditions

Corporate Assets Inc. assumes no liability for errors or omissions on this Web site. Corporate Assets Inc. expressly reserves the right to determine the manner of conducting the auction as it may deem appropriate. All subject to prior sale.





Pre-Approval by Corporate Assets Inc. will be required. To participate in the auction you must register and be approved. All Webcast (Remote) Bidders require a deposit equal to 25% of their requested Purchasing Limit (the maximum amount they plan to spend) plus the Buyer's Premium (see below for applicable Buyer's Premium) and must be by Direct Bank Wire Transfer. To ensure approval as a Bidder please make deposit arrangements as far in advance of the sale as possible. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

Invoices for the balance of the purchase price will be emailed and/or faxed to successful bidders within 24 hours of the close of the auction and are due upon receipt.


All buyers must complete the "Buyer Deposit Form" and provide Corporate Assets Inc. with a 25% deposit of their total intended purchase amount by way of wire transfer.* The deposit must be received by no later than 1 business day prior to the commencement of the sale.**

Payment in full must be made before or immediately after the conclusion of the auction.

* Please keep in mind that bank charges may apply to incoming and/or outgoing wire transfers by your/our bank/financial institution.

** In order to meet the Terms and Conditions of Sale, please keep in mind that wire transfers traditionally take between 2 - 4 business days to be processed by your bank. For Bank Wire Transfer details, please contact our office at 416.962.9600 and request to speak with an Accounting Administrator.

For International (Non Canadian and Non U.S. Residents) Buyers, Webcast Remote Buyers & Online Buyers, all payments shall ONLY be by way of wire transfer.

For Canadian and U.S. On-site Buyers, all payments shall be by way of wire transfer, certified cheque, bank draft, Interac, or company cheque accompanied with a valid bank letter of authorization guaranteeing irrevocable payment to Corporate Assets Inc. in the following format: "Name of Bank hereby guarantees irrevocable payment of cheques payable to Corporate Assets Inc. up to Amount in Words & Currency for purchases made by our client Name of Client. This letter is valid for purchases made at the auction of Name of Auction being held in City, State/Province on Date."

Payment by way of Visa or Mastercard will ONLY be accepted for purchases, and not for deposits, from buyers whose total invoice does not exceed $2,500.00.

Payments may be made in advance of the auction by way of wire transfer and any balance in excess of the balance owing will be refunded after the auction.

The Auctioneer reserves the right to put articles back up for auction if a deposit is not received at or before the time of sale.

A Buyer's Premium of 18% for all onsite bidders and 18% for all Webcast (Remote) bidders will apply at this sale.


Download Full Payment Information
Download Buyer Deposit Form
CAD Wire Transfer Details
USD Wire Transfer Details

Proxy Bidding

To place a proxy bid, please refer to the Corporate Asset Inc. PROXY BID FORM or email us at: for more information.

All Proxy Bids must be completed in writing, either typed or hand-written, indicate the name of the auction sale, and must be signed and dated. They must be faxed or mailed to our office and received by no later than 3:00 P.M. EST on the day before the auction.

Download Proxy Bid Form