A Wichita technology firm has expanded its physical presence and employee count with an acquisition.
Integra Technologies, 3450 N. Rock Road, has completed its acquisition of Albuquerque, N.M.-based Analytical Solutions Inc.
The deal adds the New Mexico office and 40 employees to Integra, which employs 175 in Wichita, Integra president Becky Craft said Thursday. Moreover, the merger allows Integra to bring in-house destructive and failure analysis of components, Craft said. Integra’s primary business is testing semiconductors – tiny electronic circuits used in a variety of electronics including computers, two-way radios and avionics – for manufacturers and users.
“They were a supplier to us,” Craft said. “That’s why we’re so excited about this. There’s not much overlap, and it’s complementary to what we do.”
Craft declined to disclose financial terms of the transaction between the two privately held companies.
She said Integra approached ASI because Integra was looking to grow through an acquisition.
“We knew them,” she said. “We knew they were a very highly respected company in the industry.”
Brett Robinson, Integra’s vice president of operations, has direct oversight of the Albuquerque office.
“One of Integra’s principles is doing quality work on time,” Robinson said. “They do share all of those attributes. They are 40 very hard-working people that focus on … customer satisfaction and on-time delivery, and are experts in their field. The cultures are practically identical.”
Integra was established in 1983 as a test facility for NCR Corp. Following a series of acquisitions and divestitures over a couple of decades, it became a private company through an employee stock ownership plan in 2008.