Flex acquires Crown Technical Systems for $325M all-cash; expected close Dec 2024

FLEX LTD.

Purchase price $325M in cash; deal expected to be accretive in first year after close.
Crown Technical Systems generates ~$120M revenue and high-teens EBITDA margin in FY2025.
Acquisition extends Flex's power portfolio into utility power and modular data center markets.
Transaction expected to close by December 2024, subject to regulatory approval and conditions.
Crown brings nearly 30 years of custom-engineered power distribution and medium voltage switchgear.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.