In a major development, Cyient DLM Limited has announced the acquisition of Altek Electronics, a leading US-based Electronic Manufacturing Services (EMS) provider. This strategic move enables Cyient DLM to expand its global footprint, particularly in North America, and strengthens its capabilities across multiple sectors such as Medical & Healthcare, Industrial, and Defense.

This acquisition is a significant step in Cyient DLM's growth plan, allowing the company to cater to a broader customer base, including Fortune 500 companies. Through this acquisition, Cyient DLM will also add 80,000 square feet of manufacturing space, thereby enhancing its production capabilities to better serve its global clientele.

Altek Electronics, known for its expertise in high-mix, low-to-medium volume PCB assemblies, specializes in Medical, Industrial, Aerospace, and Defense sectors. With this acquisition, Cyient DLM strengthens its position in these highly regulated industries, especially in the US defense market due to Altek’s ITAR certification. This certification gives Cyient DLM a competitive edge in providing solutions for defense-related projects, further boosting its portfolio.

Krishna Bodanapu, Executive Chairman of Cyient DLM, commented on the acquisition: "This is a pivotal moment for Cyient DLM. It expands our global reach, brings us closer to our strategic customers, and enhances our capabilities across key industries. With Altek’s expertise, we are well-positioned to address the growing demands of clients in Medical & Healthcare, Industrial, and Defense sectors."

Boosting Capabilities in Key Sectors

The Medical & Healthcare sector is one of the areas where Altek Electronics has built a solid reputation. Their specialized solutions, combined with Cyient DLM’s global resources, will enable Cyient DLM to deliver high-performance, safety-critical electronics to some of the world’s most demanding industries. This acquisition aligns with Cyient DLM's vision to provide innovative solutions that drive value and ensure top-tier performance for clients across the globe.

In addition to healthcare, the Industrial sector also benefits from this acquisition. With the increasing demand for automated, high-precision electronics, Cyient DLM’s newly expanded capabilities will allow the company to meet the evolving needs of clients in industries like manufacturing, energy, and logistics. Altek Electronics has long been a trusted partner in these sectors, and with Cyient DLM’s backing, it is set to scale even further.

Defense is another critical area where this acquisition proves strategic. Altek Electronics’ ITAR certification positions Cyient DLM to provide specialized solutions for defense contractors in the US, allowing it to tap into the growing opportunities in the US defense market. This will play a vital role in Cyient DLM’s future growth strategy.

Anthony Montalbano, CEO of Cyient DLM, added, "This acquisition is not just an expansion; it’s a crucial milestone for us. With Altek’s expertise, we are strengthening our manufacturing capabilities and are better positioned to serve our clients in North America. We are fully committed to delivering world-class services that align with the evolving needs of our customers."

Strategic Expansion and Global Impact

This acquisition is in line with Cyient DLM's strategic roadmap, aiming to expand the company’s geographical footprint, add strategic clients, and increase client proximity. By acquiring Altek Electronics, Cyient DLM can now offer its clients in North America and other parts of the world enhanced electronics manufacturing services, particularly for high-mix, low-volume products.

As the company continues to grow, its global presence will allow it to serve more clients in highly regulated industries, offering design-led manufacturing (DLM) solutions that meet the strictest safety standards. This move will also enable Cyient DLM to provide better on-ground support to its existing clients, especially in the US market, where the demand for customized, high-reliability solutions is increasing rapidly.

David Altschuler, CEO of Altek Electronics, mentioned, "We are thrilled to join forces with Cyient DLM. This acquisition will allow us to scale our operations and leverage their global resources to better serve our customers. As we continue to uphold the values that define us, we look forward to delivering enhanced solutions to our customers and stakeholders."

Long-Term Growth for Cyient DLM

This acquisition signifies Cyient DLM’s commitment to expanding its global presence, diversifying its customer base, and positioning itself as a leader in the EMS industry. With Altek’s track record of success in industries like Medical, Industrial, Aerospace, and Defense, Cyient DLM is poised to enter its next phase of growth, offering innovative solutions to some of the world’s most demanding clients.

As Cyient DLM looks toward the future, this acquisition sets the stage for long-term success and greater value for customers worldwide. The expanded footprint, combined with enhanced manufacturing capabilities, will ensure that Cyient DLM remains at the forefront of electronics manufacturing solutions, delivering reliable, safety-critical electronics that meet the evolving needs of industries across the globe.

This acquisition also ties into Cyient DLM’s larger strategy of providing value-driven services through continuous innovation and client-centric solutions.

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