US Hybrid Purchases Magmotor Technologies
06 October 2008
US Hybrid Corporation, a provider of integrated power conversion components for electric, hybrid and fuel cell vehicles, purchased the motor division of Satcon Technology Corporation. The company, Magmotor Technologies Inc., is now a wholly owned subsidiary of US Hybrid Corporation.
Magmotor Technologies Inc. offers a broad range of brush and brushless servomotors, and custom-designed motors that serve equipment manufacturers in several high-tech markets. The acquisition of Magmotor will augment US Hybrids’ capability to bring a complete line of components to medium and heavy-duty vehicle manufacturers.
US Hybrid is now capable of providing cost-effective electromechanical motion and control solutions for both OEM and first tier suppliers.
—Guy Rini, EVP Commercial Vehicle Systems
Magmotor Technologies will continue to serve equipment manufacturers while expanding its presence in the medium and heavy-duty markets. The expansion into mobile markets helps accelerate the commercialization of alternative drives solutions through shared technology and economy of scale that benefit all market segments.
Currently, Magmotor offers a range of products for the HEV market, including power steering systems, A/C compressor systems, hydraulic and liquids pumps and fans.
This is a real growth opportunity for companies making small, powerful and advanced motor designs. There will be quite a need for these as HEV/PHEV/BEV cars become even more popular.
Posted by: sjc | 06 October 2008 at 09:57 PM