Partnership4 Oct 2024, 02:33 pm
Cyient DLM Expands Global Footprint with Strategic Acquisition of US-Based EMS Manufacturer Altek Electronics
AI Summary
Cyient DLM, a leading integrated electronics manufacturing company, has announced the acquisition of Altek Electronics, a prominent EMS 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. The acquisition adds a number of Fortune 500 clients to Cyient DLM's portfolio and significantly expands its manufacturing capacity.
Key Highlights
- Strategic acquisition of US-based EMS manufacturer Altek Electronics.
- Expansion of Cyient DLM's presence in the North American market.
- Strengthening of capabilities across key sectors, including Medical & Healthcare and Industrial sectors.
- Addition of a diverse customer base, including Fortune 500 clients and strategic engagements with multiple key clients.
- Expansion of manufacturing capacity by 80,000 sft and positioning in the US Defense market through ITAR certification.