It was in 1984 that the business was established and today, it continues to develop, manufacture and market these systems that are used in people-moving, material handling and mining applications. Magnetek is known as the largest supplier of digital drive systems in America. This technology is used in cranes and hoists. The company is also known as the world’s largest independent builder of digital motion and control systems used in elevators. These offerings are sold by the company’s representatives directly to original equipment manufacturers (OEMs) to be incorporated into their products.
About 350 people are working for the company. The business maintains 5 ISO certified facilities across North America for their research, development and manufacturing processes. It remains listed as a component of the Wilshire 5000 Index.