Foxconn’s Pan-International invests €35.5M in Belgian axial flux motor maker Magnax

Pan-International Industrial Corp, a member of the Foxconn Group, along with Foxconn and incoming management co-investors, will invest €35.5 million in Belgian motor company Magnax. Pan-International will become Magnax’s largest shareholder following FDI approval and transaction completion. Magnax develops yokeless axial flux motors—a topology where magnetic flux runs parallel to Read more

By jackkellerinc, ago
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