Bunting acquires MagDev

Magnetic assemblies and products provider Bunting has announced its acquisition of MagDev Ltd., a Swindon, U.K., manufacturer of custom and industrial magnets, specializing in supplying permanent magnets, magnetic assemblies, and soft magnetic systems in various shapes, sizes, and grades, with magnetic properties tailored to suit specific applications.

MagDev’s facility includes extensive testing and in-house machining capabilities, plus more than 12,000 sq. ft. of warehouse space.

“The acquisition of MagDev expands our range of magnetic solutions, especially in relation to soft magnet materials,” said Simon Ayling, Bunting’s European managing director. “The present demand for magnet application engineering has never been higher. We are working with companies across the manufacturing sector, especially in automotive, aerospace, and electronics. The addition of the MagDev products and, more importantly, the technical team significantly expands our magnet knowledge and capability.”