Magnetek, Inc.

From Wikipedia, the free encyclopedia

Magnetek, Inc.
Type Public (NYSE: MAG)
Founded 1984
Headquarters Menomonee Falls, Wisconsin, USA
Key people David P. Reiland, President and (CEO), Peter M. McCormick, Executive Vice President and COO
Products Drives and controls for material handling, people-moving, wireless communications and energy delivery
Employees 395
Website http://www.magnetek.com/

Magnetek, Inc. (NYSE: MAG), founded in 1984 and headquartered in Menomonee Falls, Wisconsin, a suburb of Milwaukee. The Company develops, manufactures and markets digital power and motion control systems for material handling, people-moving, wireless communications and clean-energy delivery. Magnetek operates three ISO-certified research and manufacturing facilities in North America. The Company’s innovative Energy Engineered and Engineered Energy product lines are available throughout the world.

Contents

[edit] Business Areas

Magnetek currently primary areas of business:

  • Material Handling
  • People Moving
  • Communications
  • Energy Delivery

[edit] Company History

  • 1984 – Magnetek (NYSE: MAG) 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 Comunnications
  • 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.[1]
  • 2008 – Magnetek acquires Enrange, LLC.[2]

[edit] References

  1. ^ Rich Rovito."Magnetek moving telecom power unit here.", The Business Journal of Milwaukee. December 4, 2006
  2. ^ "Magnetek, Inc. Acquires the Assets and Business of Enrange LLC", Reuters. February 5, 2008

[edit] External links

v • d • e
Major Companies Based in Milwaukee