Two bastions of magnetic engineering expertise have come under one roof as fast-growing Regal Rexnord has consummated its nearly $5 billion acquisition of Altra Industrial Motion. Now, in one of its first product launches since […]
Whitmor/Wirenetics, a long-time distributor of magnet wire based in Valencia, California, is now part of the FDH Aero organization through its acquisition of BJG Electronics Group. A global provider of supply chain solutions for the […]
Mkango Resources is paying up with the help of a new partner up to acquire full control of pioneering British magnet recycler HyProMag. The companies plan to build a plant in the U.S. next, rolling out further HyProMag’s technology for processing of magnet scrap using hydrogen, developed at the University of Birmingham. First production using the process is targeted for the UK this year, Germany in 2024 and the U.S. to follow as the Vancouver-based minerals company continues to pursue development of its Songwe Hill rare earths property in Africa. […]
Neo Performance Materials, considered a bellwether of the permanent magnetics industry, has named a new president in concert with the upcoming retirement of its CEO and long-time leader Constantine Karayannopoulos and, in rapid succession, recently consummated two deals that further its mines-to-magnets vertical integration strategy:
By acquiring SG Technologies Group Ltd (SGTec) in the UK, Neo moved further up the value chain and expands its specialty manufacturing footprint in Europe to better serve rapidly growing magnet demand from the electric vehicles, electronics and clean energy industries.
In Greenland, it progressed another step in developing its own rare earths mine as the government approved transfer of an exploration license from Hudson Resources of Canada, clearing the way for Neo to acquire it. […]
Bolstered by an $11 million fundraising and an expanded global footprint, Australian magnetic resonance imaging company Magnetica is gearing up to commercialize its novel asymmetric systems that greatly reduce the tunnel aspects of traditional MRI equipment. […]
Amidst a diverse line of chemicals and advanced materials for color enhancement and industrial applications, the magnetic products of the former Ferro Corporation and Prince International now combine under the banner of Vibrantz Technologies, based in Houston. […]
With its acquisition of FEMAG in Switzerland and earlier purchase of PowerForge, software company Gamma Technologies has been significantly bolstering its portfolio of multi-physics simulation capabilities for the design of electric machines, fuel cell systems […]
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