Altek Electronics Acquired by Cyient DLM
Deal News | Mar 11, 2025 | EIN
Cyient DLM, a publicly traded Integrated Electronics Manufacturing Solutions company based in Hyderabad, India, has acquired Altek Electronics, Inc., a leading American provider of Electronic Manufacturing Services. The acquisition aims to leverage Altek's extensive expertise and longstanding relationships within the EMS market to enhance Cyient DLM's competitive stance on a global stage. Altek Electronics, founded in 1972, boasts a strong reputation for quality in manufacturing printed circuit board assemblies and box builds across multiple industries, including medical, military, industrial, and telecommunications. Altek's adherence to LEAN manufacturing principles and ITAR compliance particularly enhances its offerings in sensitive sectors like aerospace and defense. According to Cyient, this acquisition broadens its reach into the Medical & Healthcare and Industrial sectors and augments its capabilities in the Defense sector. Jeff Rich of Touchstone Advisors, the exclusive M&A advisor for Altek, expressed that the transaction represents an optimal partnership between seller and buyer, with both parties recognizing significant value in the deal.
Sectors
- Electronics Manufacturing Services (EMS)
- Aerospace & Defense
- Medical Technology
- Industrial Manufacturing
Geography
- United States – Altek Electronics, the target company, is based in Torrington, Connecticut, USA.
- India – Cyient DLM, the acquiring company, is headquartered in Hyderabad, India, highlighting its geographic relevance.
Industry
- Electronics Manufacturing Services (EMS) – The article discusses the acquisition of an EMS company, Altek Electronics, which provides electronic manufacturing solutions, indicating a focus on this industry.
- Aerospace & Defense – The acquisition highlights the importance of ITAR compliance and capabilities in the defense sector, showing a focus on this industry.
- Medical Technology – Expansion into the Medical & Healthcare sector is a strategic part of Cyient DLM's acquisition plan as mentioned in the article.
- Industrial Manufacturing – The expansion into Industrial sectors is a major point of the acquisition strategy for Cyient DLM.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Altek Electronics, Inc. | Target Company | Company | A provider of Electronic Manufacturing Services based in Torrington, CT. |
| Cyient DLM | Acquiring Company | Company | A publicly traded Integrated Electronics Manufacturing Solutions provider headquartered in Hyderabad, India. |
| Touchstone Advisors | M&A Advisor | Company | A Mergers and Acquisitions Firm providing services to the lower middle market. |
| David Altschuler | CEO of Altek Electronics | Person | Leader of the target company, expressing strategic benefits of the acquisition. |
| Krishna Bodanapu | Executive Chairman of Cyient DLM | Person | Discusses strategic vision for Cyient DLM's expansion. |
| Anthony Montalbano | CEO of Cyient DLM | Person | Highlights the competitive advantage the acquisition brings to North American markets. |
| Jeff Rich | Partner at Touchstone Advisors | Person | Served as the exclusive M&A advisor to Altek Electronics. |
| Steve Pappas | Partner at Touchstone Advisors | Person | Involved in advising Altek on the acquisition. |