News

Elbit Acquires Sparton, Supplier of Maritime Electronics for Defense Industry

Elbit Systems, the Israel-based defense supplier, has acquired marine electronics company Sparton Corporation for $380 million. The move brings into the Elbit portfolio Sparton’s inertial sensing technology known for its magnetic precision in navigation and positioning applications for military […]

Electromagnetics

Kendrion Integrates INTORQ Merger into Industrial Brake Unit

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 […]

Magnetics/Assemblies

Industrial Magnetics Acquires Walker Magnetics Group

Industrial Magnetics, Inc. has acquired Walker Magnetics Group, Inc., North America’s oldest industrial magnet manufacturer. The deal brings together two longtime industry leaders, IMI now marking its 60th anniversary while Walker has been in business 125 years.  Founded in […]

Materials/Manufacturing

Axalta to Add to Its Coatings for Electrical Manufacturing with Acquisition in China

Adding to its line of coatings for the manufacture of electric motors and industrial products, Axalta plans to acquire Chinese producer of wire enamels Anhui Shengran Insulation Materials. The company and its product line will become part of Axalta’s […]

Magnetics/Assemblies

Rapidly Expanding GRYB Acquires Industrial Magnet Maker Winkle Industries

Six years after acquiring Magnet Quebec, fast-growing GRYB has now expanded below the US-Canadian border with its acquisition of Ohio-based Winkle Industries, absorbing an extensive line of industrial magnet products sold worldwide along with added engineering, manufacturing and […]