05/11/2010 (Agence Europe) - On 5 November, the European Commission granted clearance to the creation of a joint venture ITC Engineering GmbH & Co. KG between the Ed. Züblin AG (Germany), controlled by STRABAG SE (Austria), and VMT GmbH, controlled by Herrenknecht AG (both of Germany). The new company will develop and market process data management software for monitoring and managing projects in the construction sector and other industries. Züblin is a globally active construction company which operates in building construction and civil engineering as well as in construction related services. VMT is a globally active undertaking supplying survey technology, specialising in steering systems for tunnel boring machinery. (F.G./transl.rt)