CP Automation acquires Magnetek’s UK elevator business
As part of its wider growth plans, CP Automation has acquired Magnetek Elevator UK. The acquisition will bolster CP Automation’s product offering in the elevator market and will ensure that existing Magnetek Elevator customers continue to access high quality products and suitable customer support in the EMEA, Australia and New Zealand markets.
Headquartered in Scunthorpe, UK, CP Automation specialises in supply, repair and field service for industrial electronic AC drives, resistors, DC drives, PLC’s and inverters. Formerly part of the Columbus McKinnon Corporation, Magnetek Elevator UK supplies AC and DC drives for geared and gearless lift applications. Bringing together this joint expertise will establish CP Automation as a leading supplier of elevator drives to the vertical transportation industry.
As part of the transaction, CP Automation will integrate the Magnetek UK Bedford office into its organisation. In addition, CP Automation has agreed to bring the Magnetek Elevator sales and support staff on board, ensuring a seamless transition for customers and employees alike.
“We are confident that the access of Magnetek Elevator drives through CP Automation will continue to provide the high quality products and support customers have come to expect,” explained Edward Butte, Director of Product Management and Strategy at Columbus McKinnon Corporation. “CP Automation is in a unique position to expand the breadth of repair, as well as on site support and training services in the EMEA market for both new and existing Magnetek Elevator customers.”
“Since 2017, we have stocked Magnetek products to provide integrated engineering systems for the crane industry and have worked together on countless previous projects in the elevator and escalator sector,” explained Tony Young, Director at CP Automation. “Magnetek brand products represent quality and innovation in motion control technology, so perfectly complement our existing product portfolio.This acquisition is an extension of an existing partnership and part of CP Automation’s strategy to now establish the business as a go-to supplier in the elevator sector.
“By offering a unique combination of drives, elevator-specific products and technical expertise, we’ll be helping our customers to modernise outdated and inefficient elevator technology as well as capitalise on energy saving and power quality solutions in new installations.
"For example, opting for the latest energy regenerative controls, can result in energy and cost savings as well as increased equipment reliability. Magnetek drive solutions are easy to install and allow facilities to reduce their environmental footprint without the high costs often associated with replacing an entire system.”