Yaskawa Electric America acquires MagneTek's drives business unit

Announced Jan. 29, 2001, Yaskawa Electric America Inc. (YEA) has acquired ownership and operation of MagneTek Inc.'s (New Berlin, Wis.) drive products business. This business unit sells, modifies, and services general-purpose and high-performance ac drives, and was a part of MagneTek Drives & Systems group.

02/01/2001


Announced Jan. 29, 2001, Yaskawa Electric America Inc. (YEA) has acquired ownership and operation of MagneTek Inc.'s (New Berlin, Wis.) drive products business. This business unit sells, modifies, and services general-purpose and high-performance ac drives, and was a part of MagneTek Drives & Systems group. The move is one of Yaskawa Electric Corp.'s (Tokyo, Japan) strategies to increase global market share of ac inverter drives-one of its three major core businesses. Global market share of 20% is the goal, up from the present level of 13%, according to Yaskawa. AC drives manufactured by YEA are currently sold under the MagneTek name. The acquisition includes MagneTek facilities in New Berlin, plus branch sales/service offices in Los Angeles, Detroit, and Cincinnati. However, sales representation and distribution will remain unchanged.





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Save energy with automation; Process control system upgrades; Dispelling controll myths; Time-sensitive networking; Control system integration; Road to IANA
Additive manufacturing advancements; Machine vision enhances robotics; Fieldbus evolution; Process safety; Advice from System Integrators of the Year; Road to IANA
Salary and career survey: Benchmarks and advice; Designing controls; Remote data collection, historians; Control valve advances; Hannover Messe; Control Engineering International
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
click me