m&a

Materials/Manufacturing

Mkango to Acquire HyProMag, Aims for Magnet Recycling Plants in UK, Germany and USA 

June 29, 2023 Editorial Staff Comments Off on Mkango to Acquire HyProMag, Aims for Magnet Recycling Plants in UK, Germany and USA 

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. […]

Materials/Manufacturing

Neo Performance Materials: Names New President; Acquires SG Technologies in UK, and Rare Earths Exploration License in Greenland 

May 15, 2023 Editorial Staff Comments Off on Neo Performance Materials: Names New President; Acquires SG Technologies in UK, and Rare Earths Exploration License in Greenland 

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. […]

Magnetics/Assemblies

Vibrantz Now Encompasses Magnetic Portfolios of Ferro and Prince International  

April 24, 2023 Editorial Staff Comments Off on Vibrantz Now Encompasses Magnetic Portfolios of Ferro and Prince International  

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. […]

e-Power Technology

Gamma Technologies Builds e-Machine Software Portfolio with FEMAG and PowerForge Acquisitions 

March 14, 2023 Editorial Staff Comments Off on Gamma Technologies Builds e-Machine Software Portfolio with FEMAG and PowerForge Acquisitions 

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 […]