NasdaqGS:FLEXElectronic
Flex Acquisition And Spin Off Plans Sharpen Grid And AI Focus
Flex (NasdaqGS:FLEX) has completed its acquisition of Electrical Power Products (EP²).
The company has also finalized plans to separate its Power and Cloud business into a new entity, often referred to as SpinCo.
These moves expand Flex's reach in grid modernization, customized power control, utility markets, and AI data center infrastructure.
The EP² deal is described as accretive to earnings, and the related credit agreement is now closed.
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