Flex to Acquire Crown Technical Systems

Core Insights - Flex has announced a definitive agreement to acquire Crown Technical Systems for $325 million in an all-cash transaction, expected to be accretive in the first year post-closure [1][3] - The acquisition enhances Flex's capabilities in power distribution and protection systems, particularly in the data center and utility power markets [2][3] - Crown Technical Systems is projected to generate approximately $120 million in revenue with a high-teens EBITDA margin in fiscal 2025 [3] Company Overview - Flex is a leader in manufacturing and provides technology innovation, supply chain, and manufacturing solutions across diverse industries [4] - The company operates globally with a workforce across 30 countries, focusing on responsible and sustainable operations [4] Market Impact - The acquisition positions Flex to address growing challenges in power, heat, and scale within the data center space, aligning with its long-term growth strategy [2] - It expands Flex's exposure to fast-growing markets, including modular data centers and medium voltage power distribution, driven by trends in grid modernization and energy generation growth [2]