AQ Group’s acquisition of Schaffner's Power Magnetics division is completed
AQ Group AB has today, July 1, 2021, closed the deal with Schaffner Group to acquire its Power Magnetics Division. The new companies are named AQ Inductive Components Germany GmbH (Germany), AQ Transformer Solutions Inc. (USA) and AQ Power Magnetics Shanghai Co. Ltd. (China). Schaffner EMV Hungary Kft. will be renamed AQ Inductives Hungary Kft after registration and approval from the authorities. The new subsidiaries will be part of business area Inductive Components. The business area will be a strong supplier in the market, delivering to customers that provide electrification solutions