Cherokee Acquires Mitra Power and Mechanical and Automation Systems
Cherokee International LLC (Tustin, CA) announced the completion of the acquisition of Industrial and Telecommunication Systems, comprising of Mitra Power Systems (Wavre, Belgium) and its sister entity, Mechanical and Automation Systems (MAS, Wavre, Belgium)-subsequently to be named Cherokee Europe. The acquisition substantially expands Cherokee's European presence and strengthens its capabilities in the rapidly growing telecommunications system market. Mitra Power Systems is one of Europe's leading designers and manufacturers of sophisticated custom-designed power supplies for OEMs of telecommunications systems, Internet infrastructure and medical and industrial applications. MAS specializes in the development and manufacture of custom, integrated mechanical and enclosure solutions, electro-mechanical assemblies and general precision machining."We are especially delighted by the opportunity to expand Cherokee's base into Europe where Mitra has a dominant position in the telecom power supply industry," said Pat Patel, Cherokee's founder and CEO. "The two companies have very similar cultures and complement each other extremely well. Together, we will offer our customers expanded geographic reach, enhanced engineering design capabilities, more competitive pricing and improved flexibility for more rapid and responsive new product design.""Cherokee is one of the leading US suppliers and we are one of the leading European suppliers," said Marcel Miller, general manager of Mitra and Cherokee Europe. "Our customers require suppliers that understand local technical and market differences but also have the scale and geographic reach to design and deliver world-class, quality products quickly, dependably and economically. The combination with Cherokee enhances both companies' ability to meet these... customer expectations."