US Hybrid Announces Acquisition Of Motor Division From Satcon Technologies

US Hybrid Corp. announced the purchase of the motor division of Satcon Technology Corp.. The new company, Magmotor Technologies Inc., located in West Boylston, Massachusetts, is a wholly owned subsidiary of US Hybrid Corp..

Magmotor Technologies is said to offer a broad range of brush and brushless servomotors, and custom designed motors that serve equipment manufacturers in several high-tech markets. It is stated that Magmotor Technologies will strengthen US Hybrids’ capability to bring a complete line of components to medium and heavy-duty vehicle manufacturers. "US Hybrid is now capable of providing cost-effective electromechanical motion and control solutions for both OEM and first tier suppliers," said Guy Rini, EVP Commercial Vehicle Systems.

Magmotor Technologies will continue to serve equipment manufacturers while expanding its presence in the medium and heavy-duty markets. It is stated that 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. Abas Goodarzi, President and CEO, noted, "US Hybrid can provide integrated solutions in support of EV and HEV for medium and heavy duty markets."