FLEX LTD. acquires Power modules business
Snapshot
FLEX LTD. acquired Power modules business for approximately $54.7 million, net of cash acquired in September 2017. The transaction was structured as all cash. Power modules business is a Communications & Enterprise Compute (CEC) business.
- Acquirer
- FLEX LTD.
- Target
- Power modules business
- Value
- approximately $54.7 million, net of cash acquired
- Date
- September 2017
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
FLEX LTD. acquired Power modules business for approximately $54.7 million, net of cash acquired, a transaction completed in September 2017, structured as all cash.
Power modules business operates in Communications & Enterprise Compute (CEC). In September 2017 Flex acquired a power modules business that expanded its capabilities within the CEC segment. Purchase consideration of $54.7 million included $11.6 million net tangible assets, $33.3 million purchased intangibles ($16.0 million customer relationships) and $9.7 million goodwill.
expanded its capabilities within the CEC segment.
Power-electronics capability for the CEC segment. Communications & Enterprise Compute (CEC) segment
No advisory firms have been disclosed for this transaction.