Swedish holding company KAMIC Group has acquired, through its subsidiary ETAL (UK) Ltd., all the shares of Avon Magnetics Ltd. The deal bolsters the magnetics company portfolio of KAMIC, which also owns SIGA Electronics and […]
Electromagnetic component manufacturer Windings Inc. of Minnesota has expanded its operations with the acquisition of McCully Corporation in California, and also developed a downhole motor for the oil and gas industry that uses Gore magnet […]
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 […]
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