The magnetic stand allows for horizontal, vertical, or overhead use. Its compact, lightweight design and ease of handling make it versatile and easy to transport. The core drilling machine can be easily converted between core drills and twist drills, enabling blind hole drilling as well. An electronic protection circuit prevents the motor from starting unintentionally when the magnet is not yet activated. The machine is equipped with a safety shutdown feature in case of magnet failure due to external influences. It can be used in steel, industrial, machine, plant, ship, bridge, and crane construction, as well as for assembly work in metalworking shops.