This article discusses the main achievements and future perspectives of theMAGNEX spectrometer at the INFN-LNS laboratory in Catania (Italy). MAGNEX is alarge acceptance magnetic spectrometer for the detection of the ions emitted innuclear collisions below Fermi energy. In the first part of the paper anoverview of the MAGNEX features is presented. The successful application to theprecise reconstruction of the momentum vector, to the identification of the ionmasses and to the determination of the transport efficiency is demonstrated byin-beam tests. In the second part, an overview of the most relevant scientificachievements is given. Results from nuclear elastic and inelastic scattering aswell as from transfer and charge exchange reactions in a wide range of massesof the colliding systems and incident energies are shown. The role of MAGNEX insolving old and new puzzles in nuclear structure and direct reaction mechanismsis emphasized. One example is the recently observed signature of the longsearched Giant Pairing Vibration. Finally, the new challenging opportunities touse MAGNEX for future experiments are briefly reported. In particular, the useof double charge exchange reactions toward the determination of the nuclearmatrix elements entering in the expression of the half-life of neutrinolessdouble beta decay is discussed. The new NUMEN project of INFN, aiming at theseinvestigations, is introduced. The challenges connected to the major technicalupgrade required by the project in order to investigate rare processes underhigh fluxes of detected heavy ions are outlined
