AUSTIN – VIRTEX, a vertically integrated electronic manufacturing services provider headquartered in Austin announced announced the acquisition of Precision Technology (PTI) Dec. 16.
PTI’s single-facility location in Plano, Texas has grown its long-term relationships with key defense customers in the region to expand to various regions across the U.S.
With over 20 years of service within the EMS industry, PTI is known for its rapid response manufacturing of mission-critical products in a high-mix, low-volume production environment, VIRTEX said in a news release.
“Precision Technology expands VIRTEX’s NPI and ultra-low volume capability into the Texas aerospace and defense corridor, enhancing our relationships with key military customers. PTI also expands our expertise in flex and rigid-flex board assembly within the VIRTEX platform, which will be beneficial for our existing customers,” said Brad Heath, CEO of VIRTEX.
“Being a part of VIRTEX allows us to pursue programs that require greater working capital and geographic reach where we have been unable to compete before. We are also excited about the additional services in engineering development, precision machining and space and satellite capability that will come from being part of the VIRTEX family. This is a great fit for both our employees and our customers,” said Jeff Diora, CEO of PTI.
VIRTEX manufactures printed circuit board assemblies and other critical electronic systems for small- and medium-sized customer programs across a wide range of industries, including: industrial, aerospace and defense, automotive, and medical. VIRTEX is based in Austin, Texas, with additional manufacturing facilities in Wisconsin, Massachusetts, Virginia, New Jersey, New Hampshire, New Mexico and Juarez, Mexico.
Precision Technology Inc. (PTI), located in Plano, provides assembly and test of highly reliable electronic assemblies to leading aerospace, defense, medical and industrial electronics companies.
– CCBP Staff