Magnetics/Assemblies

iNRCORE Caps 2020 with Merger of Gowanda Components Group

Making potent use of the final day of 2020, iNRCORE announced on December 31 a merger with Gowanda Components Group, bringing together two extensive portfolios of magnetic component businesses in what it called “a transformative partnership”. The move capped off an aggressive growth period for […]

News

Magnetic NDT Continues to Advance at Eddyfi as It Triples in Size & Expands in Scope

In the high-stakes world of non-destructive testing where failure to detect flaws can lead to disastrous consequences in energy facilities, pipelines and aircraft, Eddyfi Technologies continues to build its magnetic systems while also growing aggressively into ultrasonic and other methods. Now a formidable global player providing both equipment and crews for testing, in little more than a year the company has tripled in size through acquisitions and expanding business activities. […]

News

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 […]

Materials/Manufacturing

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 […]