Cyient DLM acquires Altek Electronics for $29.2 million, expanding in North America and augmenting capabilities in defense, medical, and industrial sectors.

Cyient DLM, an integrated electronics manufacturer from India, has acquired US-based Altek Electronics for up to $29.2 million. This acquisition enhances Cyient DLM's presence in North America and expands its capabilities in medical, industrial, and defense sectors. It brings in Fortune 500 clients and adds 80,000 square feet of manufacturing space, alongside ITAR certification to support the growing US defense market.

October 04, 2024
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