Bel Fuse, a supplier of products that power, protect and connect electronic circuits, has acquired power supply manufacturer EOS of Mumbai, India. The deal closed March 31 for $7 million cash from funds on hand. […]
Ridgway Machines, a manufacturer of precision taping and coil winding equipment, has relocated to a new, expanded headquarters and production facility in Leicester, UK. The premises accommodate the company’s recent growth including important new orders and […]
Few companies can match the product development pace of Wells Vehicle Electronics, a manufacturer of electronic products for the automotive industry. Many are magnetic and electromagnetic components such as an innovative rotary position sensor that it […]
Kendrion Group of The Netherlands reports that its integration of INTORQ GmbH has gone very well despite restrictions imposed by the Corona pandemic. Known widely for its permanent magnet brakes and holding magnets, Kendrion now produces a full line of electromagnetic brakes, spring-applied brakes […]
Major automakers are transforming their design and manufacturing operations as they quicken their path to building out lineups of electric vehicle models. The transition will have profound impact on the use of magnets and magnetic technology, focused primarily on permanent magnet motors for propulsion instead of combustion engines. […]
Targeting to be in full production next year, Hitachi Automotive Electric Motor Systems has established a new company for the development, manufacturing and sale of electric motors for electric vehicle manufacturers in the USA. Called Hitachi Automotive Electric Motor Systems America, Inc., […]
Business looks spectacular at MP Materials, the largest rare earth materials producer in the Western Hemisphere. In its most recent quarter, revenue doubled to $42.2 million compared to the same period a year ago, while for the […]
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