March 26, 2025 – Siemens announced today that it has completed the acquisition of Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market, for an enterprise value of approximately […]
In recognition of the upcoming inaugural Coiltech North America 2025 event which is coming to Novi, Michigan for two days June 11-12, Magnetics Magazine is pleased to announce that it is designating its upcoming May/June issue to be the “Coiltech North America Show Issue”.
“As a media partner, we are pleased to join hands with QUiCKFairs, the event producer, to help promote this important new event for the coil winding and electrical manufacturing industry in North America,” said Scott Webster, director of content and sales for Webcom Communications. Webcom is the publisher of Magnetics Magazine and other media brands serving the growing markets for electrification technology worldwide.
February 6, 2024 – ArcelorMittal announced today that it is proceeding with plans to build an advanced, non-grain-oriented electrical steel (NOES) manufacturing facility in Alabama. The new facility, wholly owned by ArcelorMittal, will be capable […]
ABB has begun the phased opening of a new $100 million campus in Wisconsin to increase production capacity of industrial electric drives in the U.S., its largest market. Likely, the facility and its eventual 700 […]
Aerospace and defense supplier Marotta Controls has opened a new facility to house the design, development, and manufacturing of advanced brushless DC motors under the company’s newly launched Motorfox brand. The 10,000-square-foot building in Chaska, […]
In a stunning demonstration of investor interest in magnet recycling, Cyclic Materials of Toronto has successfully closed an oversubscribed $53 million Series B equity round, bringing the company’s total equity raised to $83 million. Cyclic […]
Recycling magnets from computer hard drives has garnered the attention — and opened the wallet — of Microsoft’s Climate Innovation Fund. It’s one of several new avenues that Cyclic Materials of Toronto is pursuing to gather more magnets into its supply stream and extend the reach for its technology. Auto salvage in the UK is another, marking the company’s first overseas feedstock deal – and with ties to parent companies IAA and Ritchie Auctions which have extensive worldwide operations in the used vehicle business. […]
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