Acting again on its commitment to continued investment in power management devices for aerospace and defense markets, TT Electronics has reached agreement to acquire Torotel in the US for $43.4 million. The deal is expected to close […]
Magstim, developer of transcranial magnetic stimulation products, has reached agreement with Royal Philips to acquire the product portfolio of Electrical Geodesics, adding to Magstim’s breadth of products and technology. The company also recently appointed a new chief technology officer. “This adds high-density […]
Cleveland-Cliffs Inc. announced today that it has entered into a definitive agreement with ArcelorMittal USA to acquire substantially all of its operations for $1.4 billion. The transaction will make Cleveland-Cliffs, already a leading producer of electrical steel for motors and transformers, the largest flat-rolled steel producer […]
iNRCORE, moving ahead in its corporate transformation after coming under the ownership of a venture capital company earlier this year, has acquired Bicron Electronics of Torrington, CT. Purchase price was not disclosed but, evidently, the […]
Standex International has acquired custom magnetics manufacturer Renco Electronics of Rockledge, FL for $28 million, adding to the string of magnetics companies acquired by Standex in recent years. The publicly-held Standex, headquartered in Salem, NH, paid cash for the […]
Abcam, a manufacturer of life science reagents and diagnostic tools, has bolstered its magnetics analysis portfolio with the recent acquisition of the proteomics and immunology business of Expedeon, based in Germany. Abcam paid €120 million in […]
Victimized by the global pandemic, business dropped 23% in the first six months of this year for the Neo Magnequench business unit of Neo Performance Materials, widely considered a bellwether of the magnetic materials industry. Revenues for Magnequench dropped to $68.8 million from $89 […]
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