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Announced

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Cyient DLM completed the acquisition of Altek Electronics.

Synopsis

Cyient DLM, an integrated electronics manufacturing company, completed the acquisition of Altek Electronics, an electronic manufacturing services company. Financial terms were not disclosed. "This acquisition is a pivotal moment for Cyient DLM. 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," Krishna Bodanapu, Cyient DLM Executive Chairman.

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