Bunting has acquired MagDev Ltd, a UK-based magnet and magnetic assembly manufacturer. This acquisition will expand the range of magnetic solutions and technical expertise Bunting is able to offer as a global magnetics group. Bunting’s extended product portfolio and additional magnet engineering knowledge confirms Bunting’s premier position in the global magnetics sector.
MagDev’s Swindon, UK based facility boasts extensive testing and in-house machining facilities in addition to over 12,000 sq.ft. of warehouse space. MagDev is a manufacturer of custom and industrial magnets, specializing in supplying permanent magnets, magnetic assemblies and soft magnetic solutions with magnetic properties tailored to suit specific applications.
The origins of MagDev date back to 1973, with the company becoming part of the MMG group of companies in 1986. In August 2003, the merger of MMG GB Ltd and Magnet Developments Ltd in Swindon, UK resulted in the formation of MMG MagDev Ltd. In June 2010, MMG MagDev Ltd was acquired by Delta Magnets Ltd.
Now that Bunting has acquired MagDev, magnetic applications engineers from MagDev will be joining those at Bunting-Berkhamsted. This will further expand Bunting’s engineering and design capabilities. As one engineering entity, the scope of magnet design and specification extends across a wide range of applications and sectors.
Published in the December 2021 Edition