Marelli, a global automotive supplier, has recently received the NRW Global Business Award 2021 for the investment in its recently established production facility for electric vehicle motors in Cologne, Germany. With this award, the Federal […]
Eighteen months into existence, ArcelorMittal Nippon Steel India (AM/NS India) reports a strong resurgence in its fortunes, booking more than $1 billion in profits amidst rising demand in the first six months of 2021. Backed by the deep pockets and persistence of ArcelorMittal […]
From powering firetrucks to ferryboats, Volvo Penta is aggressively building its prowess in the design and production of electric drivelines and e-propulsion systems. Long known as a supplier of diesel power systems for industrial and marine markets, the Swedish sibling of Volvo automobile and truck brands is making bold steps toward electrification as the markets that it serves increasingly electrify their transportation platforms. […]
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. […]
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 […]
AVX has released a new series of ultraminiature multilayer ceramic chip inductors for high-frequency RF applications, as it prepares to rebrand itself Kyocera AVX to align more closely with its parent company. AVX makes surface mount power inductors […]
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 […]
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