We believe we are North America's largest independent supplier of digital drives,
radio controls, software, and accessories for industrial cranes and hoists,
and we believe we are also the largest independent supplier of digital direct
current (“DC”) motion control systems for elevators. Customers include
most of the industrial crane and hoist companies in North America and the world's
leading elevator builders. In addition, we have a growing range of motion control
products for mining equipment applications. Our operations are located in North
America, predominantly in Menomonee Falls, Wisconsin, the location of our headquarters.
One of our primary goals is to expand our position in markets offering long-term
stability, excellent growth potential, and profitability. Our focus is on markets
where we can apply both our industry expertise and our systems integration model
to add value to our customers by improving their productivity, throughput, energy
efficiency, or safety, while reducing labor costs, downtime, and maintenance
costs.
Magnetek is a leading provider of innovative power control and delivery systems
and solutions for overhead material handling applications used in a number of
diverse industries, including aerospace, automotive, steel, aluminum, paper,
logging, mining, ship loading, nuclear power plants, and heavy movable structures.
We are a major supplier in North America of power and motion control systems,
which include alternating current (“AC”) and DC drive systems, radio
remote controls, push button pendant stations, brakes, and collision avoidance
and power delivery subsystems. While we sell primarily to OEMs of overhead cranes
and hoists, we spend a great deal of effort understanding the needs of end users
to gain specification. We can combine our products with engineered services
to provide complete customer-specific systems solutions.
Magnetek also designs, builds, sells, and supports elevator application-specific
drive products that efficiently deliver power used to control motion, primarily
in high-rise, high-speed elevator applications. We are recognized as an industry
leader for DC high-performance elevator drives, as well as for AC drives used
with low- and high-performance traction elevators, due to our extensive application
expertise and product reliability. Our elevator product offerings are comprised
of highly integrated subsystems and drives, sold mainly to elevator OEMs. In
addition, our product options include a number of regenerative controls for
both new building installations and elevator modernization projects that help
building owners save energy. We estimate over 90,000 Magnetek elevator drives
have been installed worldwide.
We are also a leading independent supplier of AC and DC digital motion control
systems for underground coal mining equipment. Our systems are used in coal
hauling vehicles, shuttle cars, scoops, and other heavy mining equipment. We
estimate that nearly 11,000 Magnetek drive systems have been installed in mining
equipment throughout the world.
We intend to continue to build on our competitive strengths in established material
handling, elevator, and mining markets and continue to invest in research and
development to expand our product portfolio aimed at penetrating growing and
emerging markets for digital power-based systems.
