Lineage Power Completes Acquisition Of Cherokee International

Lineage Power Holdings, Inc. announced that it has completed its acquisition of Cherokee International. Lineage Power states that it now offers its customers a complete "end-to-end" solution, with a broader product offering, superior custom ac-dc expertise, advanced dc-dc technology and energy systems solutions.

"Together, our broader product offerings, expanded global footprint, powerful engineering team and superior manufacturing and sourcing capabilities create a more compelling value proposition for our customers," said Craig Witsoe, Chief Executive Officer of Lineage Power.

Cherokee is now part of Lineage Power’s newly created Embedded OEM Power division. Jeff Frank, the former Cherokee Chief Executive Officer, will now serve as President of the Embedded OEM Power division, which also consists of Lineage’s Micro Power business.

According to Timothy Meyer, Lineage’s Chairman and Managing Director of The Gores Group, "The Gores Group remains committed to building a preeminent power solutions company and will continue to invest in the business. Consistent with our philosophy, Gores will continue to partner closely with company management to create a highly competitive, customer-focused business."