Magtech As
Magtech AS is a Norwegian hardware vendor, part of Nortrafo Group, that designs and supplies voltage regulation equipment (MVR, VRDT, SVB, MVB, STATCOM) for electricity distribution system operators in the Nordics and DACH region, enabling higher connection capacity without new grid buildout.
- Company typePrivate
- Founded2015
- HeadquartersSteinkjer, Norway
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Magtech As does
Magtech AS, founded in 2015 and headquartered in Steinkjer, Norway, designs and supplies voltage regulation equipment for electricity distribution networks. The company is a subsidiary of Nortrafo Group and targets Distribution System Operators (DSOs) and utilities, primarily in the Nordics and increasingly in the DACH region (Germany, Austria, Switzerland). Its core value proposition is increasing connection capacity in existing distribution networks without building new infrastructure, marketed as a faster, lower-capital alternative to traditional grid reinforcement.
The product portfolio spans five lines: the Medium Voltage Regulator (MVR), a 3-in-1 autotransformer-integrated OLTC solution developed with Maschinenfabrik Reinhausen; the Voltage Regulating Distribution Transformer (VRDT), 50-2500 kVA with >500,000 tap-change durability and IEC104++ remote control; the patented Stepless Voltage Balancer (SVB) for bi-directional LV networks; the Magtech Voltage Booster (MVB) for unbalanced single-phase boosting; and a STATCOM product for reactive compensation and harmonic filtering. The patented SVB and 3-in-1 MVR architecture are the central proprietary assets. Products are developed and manufactured in Norway, with OLTC technology supplied by Maschinenfabrik Reinhausen under a long-standing co-development partnership.
Magtech sells primarily through direct enterprise sales to DSOs, supplemented by electrical wholesalers (Ahlsell, Onninen, Söderhamn Nötd) and a dedicated senior sales representative for the DACH region. Revenue is generated by one-time hardware sales of custom-configured equipment; pricing is not publicly disclosed. The company has no external institutional funding, is privately held under Nortrafo Group, and is led by a four-person executive team (CEO, CTO, CCO, Sr. Sales DACH) with deep industry tenure. In 2024, Magtech won the Innovation Award at the Smartgridkonferansen hosted by the Norwegian Smartgrid Centre, marking its emergence as a recognized technology supplier in the Nordic smart-grid ecosystem.
Magtech As firmographics
Firmographics- Name
- Magtech As
- Legal name
- Magtech AS
- Website
- https://magtech.no
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Magtech AS is a Norwegian hardware vendor, part of Nortrafo Group, that designs and supplies voltage regulation equipment (MVR, VRDT, SVB, MVB, STATCOM) for electricity distribution system operators in the Nordics and DACH region, enabling higher connection capacity without new grid buildout.
- Ownership category
- akta.pro rank
Magtech As industry classification
Industry- Product category
- Electrical Power Distribution Equipment
- NAICS
- Power, Distribution, and Specialty Transformer Manufacturing (335311), Electrical Equipment Manufacturing (3353)
- SIC
- Power, Distribution & Specialty Transformers (3612), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Transformers (Power, Distribution, Instrument, Specialty) (IMAGAAAA)
- akta.pro secondary industries
- Reactive Power & Power Quality Equipment (Capacitor Banks, Reactors, STATCOM/SVC, Harmonic Filters) (IMAGAAAG), Grid-Scale Power Conversion & Interconnection (PCS, Grid-Tie Inverters, Converter Stations) (IMAGAAAI)
Keywords
Where Magtech As is headquartered
LocationHeadquarters
- HQ city
- Steinkjer
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Magtech As business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Hardware product sales: Sale of voltage regulation equipment including Medium Voltage Regulators, Voltage Regulating Distribution Transformers, Stepless Voltage Balancers, Voltage Boosters, and STATCOM units. Equipment sales are one-time with potential for aftermarket services.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Magtech As product offering
Product offeringCore offering
Magtech AS designs, manufactures, and sells voltage regulation equipment for electricity distribution networks. Its portfolio includes Medium Voltage Regulators (MVR), Voltage Regulating Distribution Transformers (VRDT), Stepless Voltage Balancers (SVB), Magtech Voltage Boosters (MVB), and STATCOM units, enabling grid operators to double the connection capacity of existing distribution networks without building new infrastructure. Products are developed and produced in Norway in collaboration with Maschinenfabrik Reinhausen.
Differentiator
Problem solved
Functional benefit
Products and services
- Magtech MVR (Medium Voltage Regulator) Medium Voltage Regulator with on-load tap changer (OLTC), including remote control capabilities. Designed to increase grid capacity, save time on grid upgrades, and provide a durable, sustainable, maintenance-free alternative for long high-voltage radials where large loads or high production cause voltage deviations.
- Magtech VRDT (Voltage Regulating Distribution Transformer) Voltage Regulating Distribution Transformer with remote control capabilities for areas with distributed generation upstream or downstream. 50-2500 kVA capacity, over 500,000 tap change operations, IEC104++ remote control, 9 (17) steps with max 800V per step, equipped with MR Ecotap VPD III OLTC.
- Magtech SVB (Stepless Voltage Balancer)
Quantifiable outcome
- Doubles connection capacity in distribution network
- +4 more outcomes
Companies that use Magtech As
Customer profileNamed customers13 records
Segments2 records
Ideal customer profiles1 record
Magtech As technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Magtech As partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Maschinenfabrik Reinhausen (MR)coreStrategic collaboration with Maschinenfabrik Reinhausen for developing OLTC-based voltage regulation solutions. Together they developed a 3-in-1 solution where the OLTC is placed in a 22/22kV autotransformer with a tertiary delta winding functioning as voltage measurement transformer and LV power supply. MR provides ECOTAP VPD III OLTC technology. Franco Pizzutto, Business Development Manager at MR, confirms Magtech has the longest experience and most installations in the Nordics.
- Norsk Transformator AScoreSupplier partner for transformers in the VRDT product line. Collaborated with Magtech on Norway's first Voltage Regulating Distribution Transformer in 2016.
- Nortrafo GroupcoreMagtech is a key player in the grid industry and is part of Nortrafo Group. Nortrafo Group also includes Nortrafo (separate company).
- Norwegian Smartgrid CentrecoreHost organization of Smartgridkonferansen where Magtech won the Innovation Award 2024. Magtech also participates in IDE-prosjektet and NextGrid projects coordinated by the Norwegian Smartgrid Centre.
- Linja ASminorGrid operator that partnered with Magtech for Norway's first VRDT installation at Snefjellåga in Nordland in 2016. Linja engineer Eivind Parelius was the driving force behind the pioneering project.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Magtech As competitors and assessment
Company assessmentBroad incumbents
- Siemens Energy: Incumbent supplier of distribution transformers, voltage regulators, STATCOMs (e.g., SVC PLUS), and grid solutions to European utilities. Competes with Magtech in the same DSO procurement processes, particularly in DACH, with much larger installed base and service network.
- Schneider Electric: Provides distribution transformer monitoring, voltage regulation, and grid digitalization solutions for utilities. Sells to the same European DSO customers as part of a much broader portfolio including EcoStruxure grid offerings.
- ABB: Supplies transformers, STATCOMs, and grid power quality equipment globally through its electrification business. Competes with Magtech in voltage regulation and reactive power compensation tenders at European DSOs.
- Hitachi Energy: Major global supplier of power and distribution transformers, voltage regulation equipment, STATCOM/SVC solutions, and grid power quality products. Sells broadly to the same European DSO customer base with deeper product breadth and global service infrastructure.
- Eaton: Sells voltage regulation components, power quality solutions, and distribution equipment to utilities and industrial customers. Overlaps with Magtech on voltage regulation and grid capacity use cases, particularly in European markets.
- GE Vernova: Supplies grid equipment including transformers, STATCOMs, and power quality systems to utilities worldwide. Competes for the same DSO capacity and voltage regulation budgets as Magtech across European tenders.
Direct peers
- Maschinenfabrik Reinhausen: Global leader in on-load tap-changers (OLTCs) and voltage regulation, including ECOTAP VPD. Magtech is a strategic co-development partner using its OLTCs, but MR also sells competing voltage regulation systems and transformer-side products globally, making it both supplier and direct competitor.
- SGB-SMIT: European-focused manufacturer of power and distribution transformers, including specialty and regulated designs. Directly comparable to Magtech's VRDT product in customer base, distribution transformer category, and European DSO focus.
- EFACEC: Manufacturer of power and distribution transformers with European operations serving utilities. Comparable to Magtech's VRDT in product category and DSO customer profile, with broader transformer portfolio.
Emerging players
- Elspec: Specialist in power quality and voltage regulation solutions for utilities, overlapping with Magtech's STATCOM and voltage regulation offerings. Smaller and more focused than the broad incumbents, making it a closer niche peer in capability though not in transformer hardware.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Magtech As social profiles
Digital presenceMagtech As financial estimates
Financial estimateRevenue estimate
Valuation estimate
Magtech As leadership team
Management profileNumber of profiles
Profiles4 records
Magtech As funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Magtech As M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Magtech As
What does Magtech As do?
Magtech AS designs, manufactures, and sells voltage regulation equipment for electricity distribution networks. Its portfolio includes Medium Voltage Regulators (MVR), Voltage Regulating Distribution Transformers (VRDT), Stepless Voltage Balancers (SVB), Magtech Voltage Boosters (MVB), and STATCOM units, enabling grid operators to double the connection capacity of existing distribution networks without building new infrastructure. Products are developed and produced in Norway in collaboration with Maschinenfabrik Reinhausen.
Is Magtech As a public or private company?
Magtech As is a private company. It is classified as corporate owned and is currently operating.
When was Magtech As founded?
Magtech As was founded in 2015. It employs 11 to 50 people.
Where is Magtech As based?
Magtech As is headquartered in Steinkjer, Norway, in the Europe region.
How does Magtech As make money?
One revenue line is on record: hardware product sales.
Who are Magtech As's main competitors?
Broad incumbents on record are Siemens Energy, Schneider Electric, ABB, Hitachi Energy, Eaton and GE Vernova. Direct peers are Maschinenfabrik Reinhausen, SGB-SMIT and EFACEC. Elspec is listed as an emerging player.
Does Magtech As have an API?
No public API is recorded for Magtech As.
What industry is Magtech As in?
Magtech As's product category is Electrical Power Distribution Equipment. Its primary akta.pro industry code is IMAGAAAA, Transformers (Power, Distribution, Instrument, Specialty), with a secondary code of IMAGAAAG, Reactive Power & Power Quality Equipment (Capacitor Banks, Reactors, STATCOM/SVC, Harmonic Filters). Its NAICS code is 335311 and its SIC code is 3612.