# Industrial Magnetics acquires Walker Magnetics Group

Industrial Magnetics, Inc. has acquired Walker Magnetics Group, Inc., North America's oldest industrial magnet manufacturer. The deal brings together two industry leaders, with IMI marking its 60th anniversary and Walker having been in business for 125 years.

- Type: Acquisition
- Announced: 2021-04-27
- Where: United States
- Status: completed
- Products: permanent magnets, electromagnetic magnets, electro-permanent magnets, magnetic chucks, lift magnets, scrap magnets
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Industrial Magnetics, Inc.](https://endata.com/companies/17495.md) (acquirer)
- [Walker Magnetics Group, Inc.](https://endata.com/companies/53331.md) (target)

## Sources

- [magneticsmag.com](https://magneticsmag.com/industrial-magnetics-acquires-walker-magnetics-group/), 2021-04-27: "The acquisition of Walker Magnetics marks Industrial Magnetics’ next step in expanding our permanent, electromagnetic and electro-permanent magnetic technology and systems for industrial applications."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.