TE Magnetics, a U.K.-based fusion technology company founded in 2024 and part of Tokamak Energy, has acquired Ridgway Machines. The acquisition strengthens TE Magneticsโ position in the high-temperature superconductor (HTS) sector. It also accelerates progress in sustainable energy and advanced manufacturing.
Ridgway Machines, based in Leicester and founded in 1920, will continue operating under its own name. The companyโs workforce and facility remain unchanged. Furthermore, Ridgwayโs expertise in winding and insulating superconducting magnets and cables will help expand U.K. HTS production. These components are essential for energy systems, transport, and scientific research.
Ridgway Managing Director Andy Tanville said the companyโs century of innovation makes it ready for a new phase of growth. Moreover, he called joining TE Magnetics an exciting opportunity to pursue transformative goals in superconductors and fusion technology.
TE Magnetics will combine Ridgwayโs skilled engineering with its design and prototyping capabilities. As a result, both companies expect to accelerate manufacturing breakthroughs. The partnership will deliver scalable, high-efficiency HTS products for commercial and research applications.
HTS materials conduct electricity with almost no energy loss. They allow production of smaller, stronger magnetic systems for fusion energy, zero-emission transport, and scientific equipment. Meanwhile, Tokamak Energy CEO Warrick Matthews praised Ridgwayโs workforce and technical excellence. He said the acquisition ensures Ridgway supports the electric revolution and enables next-generation superconductors.
Ultimately, acquiring Ridgway Machines marks a major step for both companies. Together, they will advance the U.K.โs leadership in superconductor innovation. They also aim to promote sustainable, high-efficiency manufacturing that powers the future of clean energy and advanced technology.
