US Hybrid Announces the Acquisition of the Motor Division from Satcon Technologies
TORRANCE, CA – US Hybrid Corporation, a provider of integrated power conversion components for electric, hybrid, and fuel cell vehicles, has purchased the motor division from Satcon Technology Corporation. The new company, Magmotor Technologies Inc., located in West Boylston, Mass., is a wholly owned subsidiary of US Hybrid Corporation, according to Business Wire.
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. Magmotor Technologies Inc. will strengthen US Hybrids' capability to bring a complete line of components to medium- and heavy-duty vehicle manufacturers.
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.