Flex Completes Acquisition of Crown Technical Systems

Core Viewpoint - Flex has completed a $325 million all-cash acquisition of Crown Technical Systems, enhancing its power distribution and protection systems portfolio [1][2]. Group 1: Acquisition Details - The acquisition increases Flex's exposure to high-growth markets such as modular data centers and medium voltage power distribution, while also expanding its presence in the utility power market [2]. - Crown Technical Systems is projected to generate approximately $120 million in revenue with a high-teens EBITDA margin for fiscal 2025 [3]. Group 2: Strategic Implications - The acquisition is expected to strengthen Flex's critical power portfolio and support growth in the U.S. data center market, driving long-term value for customers and shareholders [2][3]. - The integration of Crown Technical Systems will be reported under Flex's Industrial Business unit within the Reliability Solutions segment [3].