Type Subsidiary Number of locations 7 Offices Revenue 114.3 million USD (2012) Founded 1984 | Traded as Formerly NASDAQ: MAG Area served Worldwide Number of employees 350 Net income 12.62 million USD (2012) | |
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Industry Material handling
Power control and motion control technologies Key people Peter M. McCormick (President & CEO)
Marty Schwenner (Vice President & CFO) Headquarters Menomonee Falls, Wisconsin, United States Parent organizations Columbus McKinnon Corporation, Columbus McKinnon Subsidiaries Magnetek (U.K.) Limited, Magnetek (U.K.) Profiles | ||
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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.
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The company is America's largest supplier of hydraulic drive systems for industrial cranes and hoists. It is also the world's largest independent builder of digital motion control systems for elevators, holding this position by designing and manufacturing motion control subsystems. The company's mining division focuses on coal mining by building a hydraulic drive system that enables mining equipment to recover coal for refinement to produce “clean coal” energy.
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Business Areas
Magnetek currently primary areas of business: