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NEOTech, an Arkview Capital Portfolio Company, Completes Acquisition of Virtex
['Jennifer Read']
EMSNow
Acquisition expands U.S. manufacturing footprint and strengthens high-reliability electronics capabilities across mission-critical defense marketsSTAMFORD, Conn.— NEOTech, a portfolio company of Arkview Capital (“Arkview”), announced the acquisition of Virtex, a U.S.-based provider of high-reliability electronic manufacturing services focused primarily on the defense market.
“Virtex is a highly respected company with a talented team, strong customer relationships, and differentiated capabilities across some of the most demanding end markets,” said Pavel Chernyshov, Co-Founder of Arkview Capital.
“We saw a strong strategic fit between NEOTech and Virtex,” said Frank Crocker, Principal at Arkview Capital.
“The businesses serve similar defense customers and share a focus on complex manufacturing for products that cannot fail.
NEOTech will continue to invest across the combined organization in advanced manufacturing technologies, engineering expertise, quality systems, supply chain capabilities, and employee development.