Daburn Electronics, a Dover-based manufacturer of electronic components and power supplies, announced it has acquired Precise Circuits, a custom electronics and manufacturing company.
Under terms of the deal, Precise Circuits will operate as a division of Daburn and will expand its design and manufacturing operations in Carrollton, Texas.
“Precise Circuits adds in-house capabilities to design and manufacture custom electronic assemblies. Precise Circuits has seen rapid growth in recent years, specializing in electronic circuit and wiring harness design and manufacture. Precise Circuits has built a reputation for delivering innovative hi-temp ruggedized electronics primarily used in the oil, gas and mining industry. These products meet the highest quality and performance standards,” Ed Flaherty, Daburn Electronics’ CEO and president, said. “We have added staff at Precise Circuits so that additional best-in-class products are available to customers while continuing to support Precise Circuit’s commitment to new technology development.”
Financial terms of the deal were not disclosed.
Feroze Sidhwa, director of sales at Precise Circuits, said, “The acquisition is very positive for our customers. With Daburn Electronics’ support behind us we can leverage the benefits of a larger organization to further improve our R&D, product development and customer service.”
