Cyient DLM has received approval from board of directors to acquire 100% stake in Altek Electronics Inc. through its wholly owned subsidiary -- Cyient DLM Inc. Having served many North American companies as a preferred, mission-critical supplier for decades, Cyient DLM is now pursuing the acquisition of the right North American based EMS company that would allow it to strengthen its presence in the region and explore growth synergies to drive future growth.
This would strengthen Cyient DLM’s offerings in Industrial, Medical and Defense sectors. As part of that acquisition program, the focus is on acquiring strong-run businesses with the key management teams and workforce in place. The Board at their meeting held on October 03, 2024 approved the same.
Cyient DLM, a subsidiary of Cyient, is the leading integrated EMS and solutions provider with a focus on the entire life cycle of a product, including design, build and maintenance. It has three state manufacturing facilities in Hyderabad, Bengaluru and Mysore.
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