Magnera (NYSE:MAGN) is a global provider of advanced magnetics and energy solutions, specializing in the design, development and production of high-performance magnetic components. The company’s offerings serve a range of end markets, including electric vehicles, renewable energy systems, consumer electronics and medical devices. Magnera leverages proprietary metallurgy and precision manufacturing techniques to deliver products that meet stringent performance and reliability requirements.
Founded in 1985 in Houston, Texas, Magnera began as a small research outfit focused on rare-earth magnet materials. Over the past three decades, the company has expanded both organically and through strategic acquisitions, establishing research centers and manufacturing facilities across North America, Europe and Asia. Milestones in Magnera’s history include the development of the XPod series of neodymium magnets in the early 2000s and the launch of its EcoDrive motor platform in 2015, which was among the first to integrate high-efficiency magnets into automotive propulsion systems.
Magnera’s product portfolio encompasses sintered and bonded magnets, magnetic assemblies, rotor and stator modules, and customizable motor kits. In addition to component manufacturing, the company provides end-to-end engineering services, including finite element analysis, prototyping and testing. Magnera also offers lifecycle support and aftermarket refurbishment, helping customers optimize product performance and maintain long-term operational readiness.
Headquartered in Houston, Magnera operates sales offices in Munich, Shanghai and Tokyo, and maintains technical centers of excellence in Ontario and Manchester. Under the leadership of Chief Executive Officer John Simmons, who joined the company in 2012, Magnera has placed renewed emphasis on sustainability and innovation, investing in next-generation materials and electric machine architectures. The company’s executive team includes Chief Technology Officer Linda Park and Chief Operations Officer Carlos Ruiz, who together oversee Magnera’s global R&D and manufacturing footprint.
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