Bunting Buys U.K. Magnet Maker

Magnet solutions supplier Bunting has acquired MagDev Ltd, a U.K.-based magnet and magnetic assembly manufacturer. In a press release, Bunting said the acquisition will expand the range of magnetic solutions and technical expertise it offers as a global magnetics group. Bunting has an exisiting facility in Berkhamsted, U.K.

“The acquisition of MagDev further enhances our portfolio of acquisitions which keeps Bunting a global leader in magnetic technology,” stated Bob Bunting, president of Bunting. “As our capabilities in the design, development and manufacturing of magnets, magnetic assemblies, and magnetic products expands, so do our capabilities to help customers in a vast number of industries across the globe.”

MagDev’s facility in Swindon boasts testing and in-house machining facilities in addition to 12,000 ft² of warehouse space. MagDev is a leading manufacturer of custom and industrial magnets, specializing in supplying permanent magnets, magnetic assemblies, and soft magnetic solutions in various shapes, sizes, and grades, with magnetic properties tailored to suit specific applications.

With the acquisition, magnetic applications engineers from MagDev will be joining those at Bunting-Berkhamsted to further expand Bunting’s engineering and design capabilities. 

The acquisition of MagDev expands our range of magnetic solutions, especially in relation to soft magnet materials,” explained 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. This is an exciting development enforcing Bunting’s position as the leading designer and supplier of magnets, magnetic components and magnetizing equipment.”