VirTra Systems to Acquire Three High Technology CompaniesThis article comes from Highwaygames.com ![]() In addition to vertical integration of components required for VirTra Systems' IVR simulators, the acquisition would bring valuable ISO qualifications and such customers as L-3 Communications, Intel, AMD, and Motorola. L. Kelly Jones, VirTra Systems' chief executive officer, said, "We are highly energised over this merger, as it completes this stage of the reorganisation of our company. This acquisition fosters vertical integration for our IVR simulator components, allowing us to keep more of our production in-house, and also provides expansion into related high-technology electronics markets. Further, with these three divisions' projected 2006 revenue exceeding $30,000,000, this acquisition brings financial critical mass enabling us to obtain greater market reach and managerial support, while achieving significant economies of scale." Under the agreement, Mr. Jones will remain as chief executive officer of the combined company. "We have been following VTSI for some time, particularly its technological lead in the training/simulation industry," said Daniel "Bo" Lee Ritz, Jr., Altatron's and Dynalyst's chairman. "With VirTra Systems poised to dramatically expand its market position, we are excited to bring our world-class technological facilities, cash flow, and managerial experience to VirTra Systems, creating a company with unparalleled technology and business development opportunities." https://www.highwaygames.comhttps://www.highwaygames.com/arcade-news/virtra-systems-to-acquire-three-high-technology-companies-1952/ Copyright © 1999 - 2025, Highwaygames.com All Rights |