CPI Acquires Miteq’s MCL
By Tai Nichols | July 1, 2013
CPI International and its wholly owned subsidiary Communications & Power Industries (CPI) have acquired M C L, a manufacturer of power amplifier products and systems for the satellite communications market and a wholly owned subsidiary of MITEQ. OEM Capital assisted Miteq in the sale. The acquisition will be integrated into CPI’s Satcom Division.
Under the terms of the agreement, CPI will honor M C L’s current sales commitments, and will continue to operate the company’s manufacturing facility in Bolingbrook, Ill. for the period necessary to fulfill these backlog commitments. After these commitments are fulfilled, CPI will address customers’ needs with products from its Satcom Division in Georgetown, Ontario, Canada and Palo Alto, Calif.
CPI will also maintain a service center for M C L products in the Chicago area and expects to retain M C L’s existing global network of authorized service providers. Several of M C L’s key managers and employees will transition into roles at CPI supporting M C L products.