Magnetek
About Magnetek
Magnetek was founded in 1984 as a manufacturer focused on digital power and motion control systems. Operations are centered in the industrial technology sector, where electronic components and control solutions are developed for various applications. Leadership is provided by Co-CEOs Mike Pope and Peter McCormick. The company maintains its domain at magnetek.com, with activities spanning power electronics and automation technologies.
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- Legal Name Magnetek, Inc.
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Annual Revenue
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Net Profit
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Latest Funding Round
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Investors
Power-One
& 1 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of Magnetek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Magnetek
Magnetek has secured backing from 2 investors. Prominent investors backing the company include Power-One and Columbus McKinnon. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Columbus McKinnon is recognized for providing intelligent motion solutions.
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Energy-efficient power conversion solutions are designed and manufactured.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Magnetek
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Magnetek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magnetek Comparisons
Competitors of Magnetek
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Magnetek
When was Magnetek founded?
Magnetek was founded in 1984.
Who is the current CEO of Magnetek?
Mike Pope is the current CEO of Magnetek.
What does Magnetek do?
Magnetek was founded in 1984 as a manufacturer focused on digital power and motion control systems. Operations are centered in the industrial technology sector, where electronic components and control solutions are developed for various applications. Leadership is provided by Co-CEOs Mike Pope and Peter McCormick. The company maintains its domain at magnetek.com, with activities spanning power electronics and automation technologies.
Who are Magnetek's investors?
Magnetek has 2 investors. Key investors include Power-One, and Columbus McKinnon.