Photo: Virtex

Virtex, a vertically integrated electronic manufacturing services provider headquartered in Austin, Texas, has acquired Precision Technology (PTI). Located in Plano, Texas, PTI provides assembly and test of electronic assemblies to aerospace, defense, medical, and industrial electronics companies. 

Virtex CEO Brad Heath said that PTI expands Virtex’s capability in the Texas aerospace and defense corridor, and enhances the company’s relationships with military customers. 

In a statement, PTI CEO Jeff Diora said: “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.”