Maglab exits to US company

Founded in 2011, Maglab has grown to become the leading system designer and critical supplier of current measurement solutions. The company offers magnetic position sensors, IoT solutions and current measurements to support customers with standard and custom designs, from the engineering phase to manufacturing. Applications for its products range from e-mobility, robotics, energy efficiency to renewable energy.

Some of the world’s leading companies including General Motors, Renault, Tesla, Hyundai Mobis, Bosch, Delphi, Magna, Delta, and TE Connectivity are part of Maglab’s customer network. The company has also established partnerships with global players such as Valeo-Siemens, Panasonic, Xiamen, Lear and more.

As of this month, Maglab will operate under the leadership of CTS Corporation, a leading designer and manufacturer of products that Sense, Connect, and Move. It operates in North America, Europe, and Asia, and provides engineered products to customers in the aerospace/defence, industrial, medical, and transportation markets.

“Maglab provides CTS with complementary capabilities in sensor and electric motor controls. The acquisition is another step in our strategy to provide leading-edge electrification solutions to our customers,” said Kieran O’Sullivan, CEO of CTS Corporation. “I’m pleased to welcome a talented team with strong engineering expertise in sensing applications.”

“We are excited to join CTS to expand our global reach and deliver innovative solutions to new customers. With CTS, we will be able to continue the advancement of those technologies that are critical to electrification and the future of e-mobility,” said Javier Bilbao, Managing Director of maglab AG.

Transaction details of the acquisition have not been disclosed.

(Press release/RAN)