Valencia, Spain — Nagares Group, an automotive solutions provider, and PREMO, a manufacturer of inductive and EMC components, have announced a joint agreement to develop and produce smart-grid interface EMC modules for future electric and hybrid vehicle applications.
The joint partnership will leverage Barcelona-based PREMO’s expertise in the area of power inductors and transducer sensors with Nagares’ position in the automotive industry.
“Inductors and magnetic components are key technologies to assure EMC compatibility with electric and hybrid vehicles, the answer to increasing emissions and limited natural resources,” said Ezequiel Navarro, chief executive office for PREMO, in a statement.
Both companies consider research and development as key strategies, investing more than 8 percent of their annual sales for new product development. Together, the companies employ about 800 people in three facilities in Spain, Tangier and China.