# VIRTEX acquires Precision Technology Inc.

VIRTEX, an Austin-based EMS provider, has announced the acquisition of Precision Technology (PTI), a Plano, Texas-based EMS provider serving the aerospace and defense sector in a high-mix, low-volume production environment.

- Type: Acquisition
- Announced: 2019-12-17
- Where: Plano, Texas, United States
- Status: completed
- Products: flex and rigid-flex board assembly, mission-critical electronic products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Precision Technology](https://endata.com/companies/957.md) (target)
- [VIRTEX](https://endata.com/companies/43957.md) (acquirer)

## Sources

- [evertiq.com](https://evertiq.com/news/47433), 2019-12-17: "Precision Technology expands VIRTEX's NPI and ultra-low volume capability into the Texas aerospace and defense corridor."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.