GE Powering Electrification of Maritime Propulsion
Designed with versatility and dependability in mind, an extensive array of systems from GE Power are bringing propulsion electrification to maritime fleets. Serving both naval and commercial vessels, many incorporate cutting-edge magnetic technology to accomplish their tasks and to replace hydraulic systems. Coming next, the company is focusing on new electromagnetic launch systems for military craft and new gas turbine solutions — as well as fuel cell systems, through a collaboration with Nedstack Fuel Cell Technology of Holland.
SBQuantum Pioneers Quantum Magnetometry for Defense, Aerospace & Minerals Exploration
A trailblazing developer of quantum diamond magnetometers is SBQuantum located in Sherbrooke about 150 km east of Montreal in the Canadian province of Quebec. Recent developments by the company include significant contracts with national space agencies and a collaboration with Silicon Microgravity focused on minerals exploration, along with advancement to finalist status in the prestigious MagQuest Challenge to help build the World Magnetic Model 2030.
BMW Transforms to Electric Drive Technology via Massive Investment in New Plant & Equipment
Automaker BMW is racing to align its production sites around the world to accommodate new electric drive designs as it transforms to an electric vehicle powerhouse. The movement is all-encompassing – involving new vehicle and permanent-magnet powertrain designs instead of internal combustion power, leading to massive investments in new plant and equipment.
Standex Makes Its Biggest Deal Ever, Acquires Amran/Narayan in USA & India for $462M
Standex International has acquired, in separate transactions, privately-held US-based Amran Instrument Transformers and India-based Narayan Powertech Pvt. Ltd. for a combined price of about $462 million.At locations in the United States and India, the Amran/Narayan Group manufactures low voltage and medium voltage instrument transformers. Its custom product portfolio is specifically designed and developed in partnership with OEMs for their electrical grid equipment. Their products have been installed in over 50 countries around the world. Revenues were about $100 million in 2024 with a profit margin of more than 40%.
