Magnetek

Magnetek
Magnetek, Inc.
Type Public (NYSEMAG)
Founded 1984
Headquarters Menomonee Falls, Wisconsin, USA
Key people Peter M. McCormick, President and (CEO), Marty Schwenner, Vice President and CFO
Products Drives and controls for material handling, people-moving and energy delivery
Employees 350
Website http://www.magnetek.com/

Magnetek, Inc. (NYSEMAG), 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 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

Business Areas

Magnetek currently primary areas of business:

  • Material Handling
  • People Moving
  • Energy Delivery (Renewable and Traditional)

Company history

  • 1984 – Magnetek (NYSEMAG) 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]
  • 2009 – Magnetek announces divestiture of Telecom Power Business

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

External links


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • 1993 "Maize & Blue" University of Michigan Solar Car — The 1993 Maize Blue solar car was built by the University of Michigan Solar Car Team during the period from 1990 to 1993. The car was raced in two races. The car won a national championship in Sunrayce 93, the predecessor race to the North… …   Wikipedia

  • Menomonee Falls, Wisconsin —   Village   Location of Menomonee Falls, Wisconsin …   Wikipedia

  • MAG — Ministerio de Agricultura y Ganadería (International » Spanish) **** Magahi (Regional » Language Codes (3 Letters)) ** Mines Advisory Group (Governmental » Military) ** Magnetek, Inc. (Business » NYSE Symbols) * Mountainland Association Of… …   Abbreviations dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”