Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Bill Stein with Credit Suisse. Please proceed.
Bill Stein - Credit Suisse
Thanks. Frank, can you update us on the company's acquisition strategy today, is it as much of a focus as it has been in the past? And can you comment on the split between MRO and OEM markets for the acquisitions?
Frank Jaehnert
Certainly, Bill. We do believe that acquisitions are a core competence of Brady. We have made 29 acquisitions under my leadership as CEO. And lately, we have done less than we did in the past. And I think there are two reasons for it.
Number one, we contentiously slowed down OEM because we always wanted to have something like a two-third MRO and one-third OEM split and because of the activity, heavy activity in OEM over the last one and half year, we got higher than one-third sales from OEM. So we contentiously slowed this down; also to give the opportunity to the business to digest all those acquisitions.
In MRO we have not slowed down. We have not made as many acquisitions as we hoped to and that's not necessarily due to less favorable conditions to shut the lumpy business. So we continue to push along. We have a good cash position close to $200 million in cash and we have credit facilities. So if something nice comes along, we're going to execute on this.
Bill Stein - Credit Suisse
And can you talk to us about the current split between OEM and MRO business today approximately?
Frank Jaehnert
$64%, 36% MRO to OEM.
Bill Stein - Credit Suisse
Okay. And then one more actually for Allan, several quarters ago we talked about POs kind of going to competitors as there was perhaps a capacity issue at a plant you had in China. And today you have talked about a good design win position. I am wondering if you can update us on the company's ability to increase the PO [win rate]?
Allan Klotsche
Sure, I would be happy to. I recall that conversation about our capacity in South China; I forget exactly which quarter it was, maybe three quarters ago. But when we look at our market share every quarter, and we have a lot of detailed information internally, and then this is a sector that reports quite a bit publicly.
So when we look at the last quarter's market share, we are feeling pretty good about our ability to win the allocation that you were talking about in your question. If you look sequentially at the industry sales in the mobile handset across the major suppliers, we were up 16% and these are worldwide figures, not just APAC, but the industry was up 16% and Brady, our business worldwide was up a little bit above that 16%.
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