Last updated on March 17th, 2020 at 01:38 pm
To say SL Montevideo Technology Inc. has had a busy year is an understatement.
The manufacturer in late 2018 moved its headquarters from Minnesota to its Pleasant Prairie facility. In July, it completed a $2.7 million, 63,000-square-foot expansion at the site, allowing it to invest more than $2 million in new product equipment and add 60 skilled employees to its local workforce.
MTI manufactures and develops precision, high-performance electric motors, drives, controllers and precision winding components for the aerospace and commercial industries.
Business has grown more than 33% over the past two years, and with the help of its new headquarters location, that growth is expected to continue, said president David Ruppel.
“Because we are a business that relies heavily on technology and those are the types of industries we serve, we were counting on the availability of technical talent and skill sets in the region,” Ruppel said. “Being in the middle of Milwaukee and Chicago really provides a great funnel of people and other business that we may rely on to help support our growth activities.”
He said the company plans to double its size over the next three to five years through both organic growth and acquisitions.
8201 109th St., Suite 500, Pleasant Prairie