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M&A Deal Summary

VirTex Acquires Precision Technology

On December 16, 2019, VirTex acquired business services company Precision Technology

Acquisition Highlights
  • This is VirTex’s 1st transaction in the Business Services sector.
  • This is VirTex’s 4th transaction in the United States.
  • This is VirTex’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-12-16
Target Precision Technology
Sector Business Services
Buyer(s) VirTex
Deal Type Add-on Acquisition

Target

Precision Technology

Plano, Texas, United States
Precision Technology, Inc. is an electronics manufacturing services ("EMS") company, which provides assembly and test of highly reliable electronic assemblies to leading aerospace, defense, medical and industrial electronics companies. Precision Technology is based in Plano, Texas.

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Buyer(S) 1

Buyer

VirTex

Austin, Texas, United States
Category Company
Sector Semiconductors
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Texas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-22 Circuit Technology

Merrimack, New Hampshire, United States

Circuit Technology LLC is an electronics manufacturing services company that provides contract manufacturing of high-reliability components, predominantly to the aerospace and defense industry. Circuit Technology is based in Merrimack, New Hampshire.

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