MAN Diesel & Turbo buys Swiss magnetic bearing specialist Mecos Traxler
MAN Diesel & Turbo has completed its previously-announced acquisition of Swiss-based magnetic bearing specialist Mecos Traxler, the company said on Monday.
Following several years of joint research and development and a first successful compressor train installation with Mecos’ magnetic bearing technology, a further step towards a close partnership has been taken, officials said.
The acquisition by MAN Diesel & Turbo’s oil and gas business unit in Zurich, Switzerland, will further push the joint growth, the company said.
Mecos Traxler, based in Winterthur, is the world's largest privately owned and independent company for the development and production of active magnetic bearing systems.
Since its foundation in 1988, Mecos has launched magnetic bearing solutions for compressors, turbines and other high-speed rotating machinery serving in various industrial applications such as high-power laser, ultra-high vacuum and gas compression.
Mecos will resume its business under its established brand and will continue to serve its existing customer base and develop further partnerships, it said.
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