Kendrion NV (KENDR) EUR2

Kendrion NV is the Netherlands-based company primarily engaged in the development, production and marketing of electromagnetic components for industrial applications. It also develops mechatronic systems and components, as well as advanced electromagnetic systems. The Company operates in one division divided into two business units. The Division Industrial comprises both business units: Industrial Actuators and Controls, Industrial Brakes. The Industrial Actuators and Controls (IAC) unit is responsible for products such as induction heating systems for industrial processes, industrial locks for baking ovens, laboratory equipment and parcel lockers, safety valves for nuclear power plants, and solenoids for high voltage circuit breakers. The Industrial Brakes (IB) unit covers permanent magnet brakes and spring-applied brakes. Kendrion NV owns subsidiaries in Germany, China, India, Sweden and the United States, among others.