Magstim Acquires Electrical Geodesics Products to Complement its Transcranial Magnetic Stimulation Portfolio

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 to Acquire ArcelorMittal USA for $1.4 Billion

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 […]

Research & Development

Abcam Bolsters Its Magnetic Analysis Portfolio for Life Sciences with Expedeon Acquisition

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 […]


Neo Performance Materials Reports 23% Decline in Magnequench Business Due to Pandemic; SAMAG Acquisition Doing Well, says New CEO

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 […]