ArxisArxis adds MagCanica
Arxis acquired MagCanica Inc., a designer and manufacturer of non-contact, high-precision torque sensors for high-performance rotating systems. The add-on gives Arxis technology complementary to its military flexible driveshaft capabilities and will sit within the company’s Electronic Components segment, serving aerospace and defense demand for real-time monitoring of rotating systems. MagCanica was previously owned by its founders and employees, while Arxis is backed by Arcline Investment Management.
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Takeaways
- MagCanica is a designer and manufacturer of non-contact, high-precision torque sensors.
- Arxis is acquiring MagCanica with backing from Arcline Investment.
- The business serves aerospace and defense.
Arxis acquired MagCanica Inc., a designer and manufacturer of non-contact, high-precision torque sensors for high-performance rotating systems.
The add-on gives Arxis technology complementary to its military flexible driveshaft capabilities and will sit within the company’s Electronic Components segment, serving aerospace and defense demand for real-time monitoring of rotating systems.
MagCanica was previously owned by its founders and employees, while Arxis is backed by Arcline Investment Management.
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