Cryomagnetics acquires R & D Tectonics

Cryomagnetics, Inc., a manufacturer of superconductive magnets, cryogenic systems, and related electronic instrumentation, announced the purchase of R&D Tectonics, a precision machining company located in Oak Ridge, Tennessee. All former employees were integrated into the Cryomagnetics organization.

Following the cash transaction, R&D Tectonics was rebranded as "R&D Precision Fabrication" and became a division of Cryomagnetics. The division continued serving existing customers while expanding capabilities to address needs within Cryomagnetics' cryogenic community customer base.

Company management viewed this acquisition as instrumental in strengthening its position as a leading superconducting magnet and system manufacturer. Cryomagnetics was already among the few manufacturers capable of engineering and manufacturing both superconducting magnets and dewars in-house.

The acquisition aimed to streamline production and reduce dependence on external vendors. Leadership believed this would enhance quality, improve delivery capabilities for custom superconducting magnet systems, and accelerate product delivery timelines.

At the time, Cryomagnetics had recently introduced new superconducting magnet power supplies, cryogen-free superconducting magnet systems, and the "world's first commercially available high temperature superconducting magnet system for a gyrotron application."