A Danish manufacturer that makes small devices with a big impact plans to invest $33 million and add more than 400 employees in Louisville.
LINAK produces actuators and actuator systems used in health care, furniture, agriculture and other industries. Linear actuators transform the rotary motion from an electric motor into linear motion, or a push-pull movement. LINAK’s actuator systems allow the motor-assisted raising and lowering of hospital beds, computer desks and harvesting equipment.
LINAK, based in Guderup, in southern Denmark, built its facility on Stanley Gault Parkway in 1999. According to filings with the Louisville metro government, it plans to add a 145,000-square-foot warehouse as it expects its U.S. sales to double in the next five years.
According to state filings, LINAK will invest $32.7 million and within the next five years will hire 413 employees who will earn $25 per hour, including benefits. The Kentucky Economic Development Finance Authority has approved tax incentives of $3.5 million.
Jan Petersen, vice president of operations for LINAK U.S., told IL Thursday that he could not talk about the company’s plans until he had received confirmation from the state that the incentives had been approved.
Worldwide, the company employs about 2,000. It is privately held and dates back to 1907.