Magnetek Divests Non-Core Telecom Services Business

August 18, 2003 by Jeff Shepard

Magnetek Inc. (Chatsworth, CA) announced that it has sold its Greenville, OH, telecom services business to its locally based management team. While terms of the transaction were not announced, the impact of the divestiture on Magnetek's balance sheet will be negligible.

According to Paul Schwarzbaum, president of Magnetek's Dallas-based Telecom Power Group, "The divestiture of this business enables us to better concentrate on our core capabilities of designing and manufacturing extremely reliable and energy-efficient telecom power equipment and systems that offer our customers exceptional value and competitive advantage."

Magnetek's Telecom Power Group provides an array of power system solutions, including communications equipment integration, rack- and cabinet-mounted dc power plants, pad-mount and pole-mount base stations, packaged cell sites, mobile communications infrastructure, modular walk-in enclosures and lightweight shelters, NEBS-certified stand-by power accessories, and remote monitoring and control capability.