News Column

VirTex Enterprises Purchases MTI Electronics

January 22, 2014

VirTex Enterprises, a full-service manufacturer of technology- related products, has announced the acquisition of MTI Electronics, a similar manufacturer based in Menomonee Falls, Wisconsin, which is a suburb of Milwaukee.

"MTI Electronics' customer base and focus is very complimentary to that of VirTex," said Brad Heath, the long-time CEO of VirTex. "In MTI, there is a tremendous opportunity to cross-sell services and leverage the smart sourcing concept that VirTex has pioneered with its Austin and Juarez facilities." With the increased geographic footprint, VirTex is perfectly located to provide electronic assembly services throughout the Midwest and Southwest regions. This was something the Austin American-Statesman picked up on in a recent story: http://statesman.com/news/business/austin- electronics-maker-buys-wisconsin-manufactur/nchTj/

According to a release, with the acquisition, which was financed by the Dos Rios Partners and BBVA Compass bank, MTI will become a subsidiary and operate as such. "There are no planned changes to the operating entity or personnel. It's business as usual for MTI's customers," said Heath.

MTI provides a full range of PCB Assembly, Electronic Assembly, Box Build, PCB Prototypes, DFM, Testing Services and other Circuit Board Assembly Services. It is ISO 9001:2008, ISO 13485:2003 and AS9100C certified and has been providing turnkey electronic contract manufacturing services to OEMs since 1978. MTI is also ITAR registered and RoHS compliant. The company specializes in the Industrial, Automotive, Defense & Aerospace, Medical and Homeland Security markets.

"Both companies can learn from one another in terms of operations and efficiency and are truly best in class performers with the awards and certifications to prove it," said Heath. "The real winner in this acquisition will be existing and future customers of VirTex and MTI."

VirTex offers turnkey solutions including design, manufacturing supply chain management and fulfillment services.

More information:

virtexassembly.com

mtielectronics.com

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