Flex acquires Crown Technical Systems for $325M to boost data center and power solutions.

Flex has completed its $325 million cash acquisition of Crown Technical Systems, a company specializing in power distribution systems. This move is intended to enhance Flex's offerings in data centers and power solutions, entering high-growth markets and aiming to create long-term value. Crown Technical Systems is projected to generate about $120 million in revenue with a strong profit margin in the coming fiscal year.

November 20, 2024
3 Articles