MagDev Acquired by Bunting

Bunting recently acquired MagDev Ltd, a UK-based magnet and magnetic assembly manufacturer. According to Bunting, this acquisition will expand the range of magnetic solutions and technical expertise the company is able to offer as a global magnetics group.

MagDev’s Swindon, U.K.-based facility is said to boast extensive testing and in-house machining facilities in addition to 1,100+ square meters (12,000+ square feet) 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. It provides magnetic properties tailored to suit specific applications.

Now that Bunting has acquired MagDev, magnetic applications engineers from MagDev will join those at Bunting-Berkhamsted, which will further expand Bunting’s engineering and design capabilities. As one engineering entity, the scope of magnet design and specification will extend across a range of applications and sectors, including aerospace, automotive, and electronics sectors.

Simon Ayling, Bunting’s European managing director, explains, “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.”