Swindon magnetic assembly manufacturer bought by Bunting Magnetics

Magdev

The Swindon-based magnet and magnet assembly manufacturer MagDev Ltd has been acquired by Berkhamsted-based Bunting Magnetics Europe Ltd. The deal price was not disclosed.

This 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. Both businesses have the same philosophy of offering magnet expertise, high levels of quality , value for money and great customer service

The company will continue to trade as MagDev, but the company name will change to Bunting Magnetics Europe Ltd.

MagDev was part of the Delta Magnet group of companies, based in Swindon UK. The facility features testing and in-house machining facilities as well as over 1,100 square meters (12,000 sq ft.) of warehouse space. 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 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.

MagDev Ltd has the capability of meeting a wide range of magnet material requirements, both with permanent and soft magnet materials, whether from a stock of standard parts or through bespoke development.

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,” 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 European designer and supplier of magnets, magnetic components and magnetising equipment.”