Magnetek, Inc., is a technology company founded in 1984 and headquartered in
Menomonee Falls, Wisconsin, and is a NASDAQ Global Market listed company. The company develops, manufactures, and markets digital power and motion control systems for material handling, people-moving and mining applications. Its power control systems serve the needs of selected niches of traditional and emerging commercial markets that are becoming increasingly dependent on "smart" power. Magnetek operates four ISO9001:2008 certified research and manufacturing facilities in North America.
The company is America's largest supplier of motor control, radio controls, and automation systems for industrial cranes and hoists. It is also the world's largest independent builder of digital motion control systems for
elevator
An elevator or lift is a wire rope, cable-assisted, hydraulic cylinder-assisted, or roller-track assisted machine that vertically transports people or freight between floors, levels, or deck (building), decks of a building, watercraft, ...
s, holding this position by designing and manufacturing
motion control subsystems. The company's mining division focuses on
coal mining
Coal mining is the process of extracting coal from the ground. Coal is valued for its energy content and since the 1880s has been widely used to generate electricity. Steel and cement industries use coal as a fuel for extraction of iron from ...
by building a hydraulic drive system that enables mining equipment to recover
coal
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen.
Coal is formed when dea ...
for refinement to produce "
clean coal
Coal pollution mitigation, sometimes called clean coal, is a series of systems and technologies that seek to mitigate the health and environmental impact of coal; in particular air pollution from coal-fired power stations, and from coal burnt ...
" energy.
Business Areas
Magnetek currently primary areas of business:
* Material Handling
* People Moving
* Mining
Company history
* 1984 – Magnetek is formed through the LBO of Litton’s Magnetics Group, including Louis Allis Drives & Systems.
* 1985 – Magnetek acquires Power Controls Corp., Pittsburgh, Pa.
* 1986 – Magnetek acquires Century Electric with Yaskawa drives distribution franchise in U.S.
* 1991 – Magnetek acquires Plessey Valdarno in Italy.
* 1999 – Magnetek sells Century Electric, Magnetek acquires Electromotive Systems and Mondel Engineering.
* 2000 – Magnetek acquires J-Tec, Inc.
* 2001 – Magnetek acquires ADS, Inc. and sells drives distribution and lighting businesses, Elevator Products business moves to
Menomonee Falls, Wisconsin.
* 2002 – Magnetek acquires LAB Communications
* 2003 – Magnetek acquires Telemotive Industrial Controls; Power Conversion and Alternative Energy businesses move to
Menomonee Falls, Wisconsin.
* 2004 – Magnetek relocates Telemotive business to
Menomonee Falls, Wisconsin.
* 2006 – Magnetek announces the divestiture of its Power Electronics Group headquartered in Italy. Worldwide headquarters moved to
Menomonee Falls, Wisconsin.
* 2008 – Magnetek acquires Enrange, LLC.
"Magnetek, Inc. Acquires the Assets and Business of Enrange LLC"
Reuters. February 5, 2008
* 2009 – Magnetek announces divestiture of Telecom Power Business
*2015 – Magnetek is acquired by Columbus McKinnon Corporation
Divisions
*Magnetek Elevator
*Magnetek Material Handling
*Magnetek Mining
References
External links
Company websiteMagnetek ElevatorMagnetek Material HandlingMagnetek Mining
{{Milwaukee Based Companies
Manufacturing companies based in Wisconsin
Companies based in Milwaukee
Electronics companies established in 1984
1984 establishments in Wisconsin
Companies formerly listed on the Nasdaq