On October 12, 2021, Bunting officially 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 ability to offer an extended product portfolio and additional magnet engineering knowledge confirms Bunting’s premier position in the global magnetics sector.
“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.”