AUSTIN, TX – VirTex Enterprises has acquired fellow EMS firm PPI-Time Zero for an undisclosed sum. The deal extends the respective companies’ footprints and service offerings.
PPI-Time Zero features more than 100,000 sq. ft. of manufacturing space, with the ability to produce electronic components and systems with volumes ranging from prototyping to full-scale production. It had been acquired by Guardian Capital Partners in January 2011.
"PPI provides many additional services that our customers have been asking for,” said Brad Heath, CEO of VirTex. “We now can provide a single source for electronic design, metal fabrication, and wire and cable assembly, as well as the traditional services of supply chain, PCBA assembly and system build.”
The combined firms will have plants in New Jersey, Virginia, Massachusetts, Texas, Wisconsin and Mexico. PPI-Time Zero also does business as New Age EMS, the company it acquired in 2016. VirTex also owns MTI Electronics in Wisconsin and AVJ Electronics in Mexico.
In a statement to CIRCUITS ASSEMBLY, Heath said VirTex plans to keep all facilities open. “We look forward to expanding the engineering services, precision machining and cable harness services currently offered in the PPI facilities to our current customer base as well, which may require expansion of those facilities. This also helps maintain the robust backup capacity and redundancy in the event of natural disaster that our customer base realistically expects to be in place.”
"We are very excited about the expanded geographic footprint of the combined entities that ensures redundant capacity and disaster recovery, as well as adding manufacturing facilities in close proximity to our existing customers,” said Dana Pittman, president, PPI-Time Zero in a statement. “Prior to this, we have been focused primarily in the Northeast. We now have a presence and manufacturing capability to offer our customers locations in the Midwest, the Southwest and even a low-cost region in Mexico."