Cyient DLM expands global footprint with strategic acquisition of US-based EMS Manufacturer

Altek Electronics, with its strong footprint in the medical and healthcare and industrial sectors, strengthens Cyient DLM’s capability in these sectors and adds a diverse customer base to Cyient DLM.

Hyderabad: Cyient DLM, a leading integrated electronics manufacturing company, announced its acquisition of Altek Electronics, a prominent EMS (Electronic Manufacturing Services) company based in the United States.

This strategic move marks a significant milestone in Cyient DLM’s growth plan, expanding its presence in the North American market and strengthening its capabilities across key sectors. Altek Electronics, with its strong footprint in the medical and healthcare and industrial sectors, strengthens Cyient DLM’s capability in these sectors and adds a diverse customer base to Cyient DLM, a press relase said.

The acquisition adds a number of Fortune 500 clients to Cyient DLM’s portfolio and strategic engagements with multiple other key clients.

Krishna Bodanapu, Executive Chairman of Cyient DLM, said, “this acquisition expands our global footprint, brings us closer to our strategic customers, and significantly strengthens our capabilities.”

Anthony Montalbano, CEO of Cyient DLM, said, “with the addition of Altek Electronics’ expertise, we are enhancing our manufacturing capability and capacity, and strengthening our competitive position in the North American market.”