ORLANDO – API Technologies has completed its acquisition of RTI Electronics for $2.3 million in cash.

Based in Anaheim, CA, RTI manufactures passive electronic components, including thermistors, film capacitors, magnetic transformers and inductors, and audio power conditioning units.

RTI had revenues in 2011 of approximately $4 million.

With the move, API continues to broaden its scope, which primarily involves the design, development and manufacturing of electronic systems, subsystems, RF and secure solutions for defense, aerospace and commercial applications.