HYDERABAD, INDIA – Indian electronics manufacturer Cyient DLM has announced the acquisition of US-based Altek Electronics.

Altek has a strong footprint in the medical & healthcare and industrial sectors, and its acquisition expands Cyient's presence in the United States and its capability in those sectors, Cyient said in a release, and Altek's ITAR certification also positions the company to address the growing US defense market.

The acquisition also adds an additional 80,000 sq. ft. of manufacturing space, located in Torrington, CT, to Cyient's capacity.

"This acquisition is a pivotal moment for Cyient DLM," said executive chairman Krishna Bodanapu. "It expands our global footprint, brings us closer to our strategic customers, and significantly strengthens our capabilities. With this acquisition, Cyient DLM is not only broadening its reach into the medical & healthcare and industrial sectors but also bolstering its capabilities for the defense sector through ITAR compliance. Altek Electronics' proven track record with key industry leading clients will accelerate Cyient DLM's ability to deliver high-performance, reliable services across these sectors."

"This acquisition is more than just an expansion, it is an important milestone for Cyient DLM," said CEO Anthony Montalbano. "With the addition of Altek Electronics' expertise, we are enhancing our manufacturing capability & capacity, and strengthening our competitive position in the North American market. This allows us to continue offering world-class services that meet the evolving needs of our customers."

"Joining forces with Cyient DLM opens new avenues for us to scale our operations and leverage their global resources and industry expertise," said David Altschuler, CEO, Altek Electronics. "As we enter this new chapter, we remain committed to upholding the values that have defined our success and look forward to leveraging expanded resources and capabilities to better serve our customers, suppliers, and stakeholders."

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