Through its new subsidiary Meritor, Cummins has acquired Siemens’ Commercial Vehicles business, a global supplier of high-performance electric drive systems for commercial vehicles. The purchase
brings key capabilities in direct drive and transmission-based remote mount electric motors, inverters, software and related services for electric powertrains, says Cummins. […]
As electrification of aircraft intensifies, French aerospace firm Safran intends to be onboard in many ways. It expects to broaden its portfolio in 2023 by acquiring the €124 million aeronautical electrical systems business of Thales. […]
Spang Engineered Solutions, a business unit of Spang and Company, has acquired Wirebenders, Inc., a magnetics component manufacturer located in Phoenix, Arizona. The purchase increases the reach of SES expanding their presence in the aerospace […]
ABB plans to purchase Siemens’ low voltage NEMA motor business. With manufacturing operations in Guadalajara, Mexico, the business unit employs around 600 people and has revenues of about $63 million. No price has been released […]
Backed by venture capital company Searchlight Capital Partners, Integrated Power Services continues to aggressively grow its network of motor service centers across North America. Now with 55 locations, 44 repair centers and 1,700 employees, it […]
The revolutionary gate driver technology of Heyday Integrated Circuits is now in the portfolio of Allegro MicroSystems as the global sensing and power semiconductor company closed on its acquisition of the French IC specialist on […]
Booking a second major order from Hyundai for its integrated drive modules as the latest score, BorgWarner is rapidly executing on a multi-pronged electrification strategy that is dramatically changing the global automotive supplier’s product lineup and technology focus. The integrated drive modules feature an interior permanent magnet electric motor manufactured using advanced high-voltage hairpin winding technology for high power density. […]
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