Magswitch Technology, Inc.
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Magswitch Technology, Inc. - overview
Established
2005
Location
Superior, CO, US
Primary Industry
Industrial Machinery
About
Based in Colorado, US, and founded in 2005, Magswitch Technology, Inc. operates as a manufacturing company that manufactures and supplies magnetic grippers and magnetic tools. In January 2022, Carmelina Capital Partners invested growth funding in Magswitch Technology, Inc. As of 2022, the company is led by its CEO, David Morton.
Magswitch designs and manufactures magnetic grippers and magnetic tools for welding, fabrication, automation, manufacturing, heavy industry, shipbuilding, and woodworking applications. The company sells a wide range of products, such as automation and robotics products (Magswitch AR110, Magswitch ELAY50x5), welding and fabrication products (300 AMP magnetic welding ground clamp, Magswitch Magjig 60), lifting products (Magswitch Mlay 600X2 lifting magnet, Magswitch Mlay 1000X3 lifting magnet), Magswitch magnetic drills, featherboards, jigs, mounts, squares for carpenters and woodworkers, and many more.
Current Investors
Carmelina Capital Partners
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.magswitch.com
Verticals
E-commerce, Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Magswitch Technology, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Magswitch Technology, Inc. | - |
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