Bunting, an international magnets manufacturer based in Newton, Kansas, has announced the acquisition of U.K.-based magnet manufacturer MagDev Ltd. The acquisition expands the range of magnetic solutions and technical expertise offered by the global magnetics group.
According to a news release from Bunting, MagDev was part of the Delta Magnet group of companies, based in Swindon, England. The facility features testing and in-house machining facilities as well as over more than 12,000 square feet of warehouse space. MagDev is an industrial magnets manufacturer specializing in supplying permanent magnets, magnetic assemblies and soft magnetic solutions in various shapes, sizes and grades.
As one engineering entity, the scope of magnet design and specification extends across a variety of sectors and applications. This includes the automotive, aerospace and electronics sectors, especially concerning low- carbon transportation, Bunting says.
“The acquisition of MagDev expands our range of magnetic solutions, especially concerning soft magnet materials,” says Simon Ayling, Bunting’s European managing director. “The present demand for magnet application engineering has never been higher. The addition of the MagDev products and, more importantly, the technical team significantly expands our magnet knowledge and capability."