Magnetics giant attracted to Swindon firm
MagDev is a leading custom magnets and industrial magnets manufacturer specialising in supplying permanent magnets, magnetic assemblies and soft magnetic solutions in various shapes, sizes and grades, with magnetic properties tuned to specific applications.
The merger will bring together the combined magnet knowledge and expertise of Bunting and MagDev to create the UK’s largest magnetics experts team and an unrivalled range of stock and custom magnets, magnetic assemblies and magnetising systems, said MagDev.
The Swindon company will continue to trade under the MagDev brand from its base at Kembrey Business Park.
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 formed MMG MagDev Ltd.
After the Delta Magnets Ltd acquisition of MMG MagDev Ltd in June 2010, the company became part of the DMG group of companies.
Its facility features testing and in-house machining facilities as well as over 1,100 square meters of warehouse space.
Simon Ayling, Bunting’s European managing director, said: “The acquisition of MagDev expands our range of magnetic solutions, especially in relation to soft magnet materials.
“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 European designer and supplier of magnets, magnetic components and magnetising equipment.”