June 25, 2013

CPI International, Inc.  have acquired M C L, Inc., a manufacturer of power amplifier products and systems for the satellite communications market and a wholly owned subsidiary of MITEQ, Inc. CPI is a leading provider of microwave, radio frequency (RF), power and control solutions for critical defense, communications, medical and other applications. MITEQ is a manufacturer of high-performance RF microwave components and satellite communications (satcom) products.

Under the terms of the agreement, CPI acquired the assets of M C L using cash on hand. The acquisition will be integrated into CPI's Satcom Division.

CPI will honor M C L's current sales commitments, and will continue to operate M C L's manufacturing facility in Bolingbrook, Ill. for the period necessary to fulfill these backlog commitments. Following the completion of these backlog commitments, CPI will address customers' needs with products from its Satcom Division in Georgetown, Ontario, Canada and Palo Alto, Calif.

CPI will continue to support M C L's installed base of products and customers worldwide. CPI will 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.

"For more than 40 years, M C L has manufactured high-power satcom amplifier products, establishing itself as a global brand in the communications industry by providing satellite uplink products and service to customers around the world," said Joe Caldarelli, chief executive officer of CPI. "With this acquisition, CPI will continue to provide M C L's customers with the excellent service and support that they have come to expect. In addition, M C L's customers will have full access to, and benefit from, the global reach of CPI's well-established sales and service network."

"CPI has a well-earned, longstanding reputation for product and service excellence, and we believe that this acquisition will serve M C L's customers well," said Howard Hausman, president of MITEQ. "We are confident that M C L's products and customers are in good hands with CPI."