EV Engineering News

Ara Partners acquires magnetic materials producer Vacuumschmelze

Texas-based investment firm Ara Partners has acquired magnetic materials manufacturer Vacuumschmelze (VAC) from asset management firm Apollo. No transaction terms were disclosed.

Germany-based VAC is the largest Western manufacturer of sintered NdFeB EV-grade permanent magnets, and has manufacturing facilities in Slovakia, Finland, China and Malaysia. VAC signed a long-term deal with GM in January 2023 to develop a North American factory to produce permanent magnets for GM EVs, utilizing locally produced raw materials.

“We believe the demand for VAC’s differentiated, customized products will continue to grow rapidly as companies around the world decarbonize their industrial processes and the electrification of mobility advances,” said Tuan Tran, Partner at Ara Partners.

MORE: A closer look at permanent magnets in EV motors

Source: Ara Partners

Create Account. Already Registered? Log In

Virtual Conference on EV Infrastructure: Free to Attend

Don't miss our next Virtual Conference on December 4-6, 2023. Register for the free webinar sessions below and reserve your spot to watch them live or on-demand.


EV Engineering Webinars & Whitepapers

EV Tech Explained

The Tech

BMS functional verification: the safety-first approach

An open-source operating system for charging infrastructure: why one stack should charge them all (Webinar)

Renesas unveils processor roadmap for next-gen automotive SoCs and MCUs

Researchers shape hard carbon to form high-capacity electrodes for sodium-ion batteries

The Vehicles & Infrastructure

Utah DOT receives $43 million in grants to build EV fast charging stations

SSE Energy Solutions to build electric truck charging hub in Birmingham, UK

Tips for fleet managers transitioning from diesel to EVs (Webinar)

KEBA and Easelink work to develop automated hands-free conductive charging for EVs at home

Clenergy EV adds more CPOs to its European e-roaming network, enables touch-free payments

ubitricity and UK Power Networks to launch program that shifts charging demand from peak hours

Does Germany have too many public EV charging stations?

Low electrical conductivity coolants for EV charging applications (Webinar)

SWTCH and Hubject to expand roaming for North American EV charging

HummingbirdEV secures funding for its commercial EV systems