| Nasdaq: MAG
Similar to: Mitsubishi Electric Corp.
Magnetek, Inc. is engaged in the development, manufacture and marketing of digital power and motion control systems for material handling, people-moving, alternative energy and mining applications. Its applications are used in various industries, including aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants, work boats, locomotive yards, and heavy movable structures. The company also designs, builds, sells and supports elevator application specific drive products. Its systems primarily consists of programmable motion control and power conditioning systems used in the applications, including overhead cranes and hoists, elevators, coal mining equipment and renewable energy sources. The company develops and markets digital power inverters that connect renewable energy sources to the utility grid and is a supplier of digital motion control systems for underground coal mining applications. Magnetek was founded in July 1984 and is headquartered in Menomonee Falls, WI.