Led by a decline in volume and revenues from its Magnequench magnetic materials segment, Neo Performance Materials saw revenues fall 10.3% in 2019, as the company reported in its year-end financials in March. Yet the company posted […]
In direct response to the Coronavirus pandemic, Industrial Magnetics, Inc. (IMI) has developed a new, hands-free door opener that allows people to open latch-less doors without using their fingers, arms, or clothing – and is dedicating profits […]
Japanese steel maker JFE Shoji, acquiring electrical steel processing company Cogent Power in eastern Canada from Tata Steel, sees the move as gaining a powerful foothold for providing transformer cores and serving the automotive industry […]
Bel Fuse, manufacturer of a diverse line of power electronics components, is acquiring the power components business of CUI Global for $32 million and, separately, its Signal Transformer unit has introduced a new line of […]
Coil Partners continues to expand its coil production enterprise in Turkey as part of an integrated supply chain for the manufacture of coils, magnet wire and coil winding machinery. The group counts more than 300 employees and keeps […]
Global industrial manufacturer Voith Group is planning to acquire majority ownership of the Austrian electric motor and generator manufacturer ELIN Motoren GmbH. Closing of the transaction is anticipated to occur at the beginning of the […]
National Inspection Services, a provider of magnetic particle inspection, eddy current testing and other non-destructive testing (NDT) services, has acquired Magnum Midstream, expanding NIS operations to the northeast section of the U.S. Based in Canonsburg, […]
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