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News RoomNews ReleasesThe Alpha Group Acquires European Power Solutions provider, Mitra Innovations
The Alpha Group Acquires European Power Solutions provider, Mitra Innovations

FOR IMMEDIATE RELEASE

May 20, 2010 -- World leading power systems provider, The Alpha Group, announced today the acquisition of the assets of Mitra Innovations S.A. (Mitra), one of Europe’s pioneering innovators in power conversion technologies. The newly renamed Belgium-based company (formerly known as Mitra Energy & Infrastructures S.A.), specializes in standard and custom powering solutions for the Broadband, Transport, Medical and Industrial Markets around the world, and will help The Alpha Group achieve continued growth in the deployment of Total Power Solutions.

"With the fusion of Mitra into the Alpha Group we see significant cost and revenue synergies," commented Mr. Fred Kaiser, Chairman of The Alpha Group. "In particular, Mitra offers many complementary products to the Alpha DC solution portfolio. While greatly strengthening our position in Europe this acquisition will enhance The Alpha Group's overall competitive advantage and traction in existing and emerging markets."

"We are delighted that Mitra Innovations SA is now part of The Alpha Group," announced Mr. Jean Gabriel, CEO of Mitra Innovations S.A. "We will bring our history of innovative engineering, excellence and quality to the Alpha Group and share the vision of becoming the world leader in delivering first-class powering solutions."

The Alpha Group represents a global alliance of independent companies that share a common philosophy, to create world-class powering solutions for communication, commercial, industrial and renewable energy markets. Members of the Alpha Group include Alpha Technologies Inc., Alpha Technologies Ltd., AlphaTec Ltd., Altair Advanced Industries Inc., Alpha Energy, Alpha Industrial Power and Alpha Technologies Services Inc. For more information on The Alpha Group, visit www.alpha.com.

Mitra Innovations is a pioneer in the field of power technology. The company designs, develops and manufactures highly reliable standard and custom power conversion solutions, remote monitoring modules and highly reliable integrated power conversion systems. For more information on Mitra Innovations S.A. visit: www.mitra-innovations.com.

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