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 […]
Signs of growth in its magnetic separations business are evident at PerkinElmer as its Chemagen unit in Germany marks 1 billion nucleic acid extractions, and the $5 billion acquisition of BioLegend in California adds to the portfolio. […]
Leveraging the roots of electrical steel laminations company Tempel Steel, acquired by Worthington Industries a year and a half ago, plans are in the works at Worthington to spin off a new separate steel processing […]
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. […]
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