Mergers & Acquisitions ·
Flex Ltd. announced the acquisition of EPC Power Corp. for $4.4 billion in cash, subject to customary adjustments
FLEXFlex Ltd.
Flex Ltd. announced the acquisition of EPC Power Corp. for $4.4 billion in cash, subject to customary adjustments. The transaction is expected to close in the fourth quarter of 2026, pending regulatory approvals including Hart-Scott-Rodino waiting periods. Flex secured a senior unsecured 364-day bridge facility commitment of up to $4.4 billion from Citigroup and Bank of America to finance the deal. EPC Power, a provider of intelligent power conversion solutions for data centers and grid applications, is expected to generate approximately $800 million in revenue in calendar 2026 with an EBITDA margin expanding to approximately 30% by 2027. The acquired business will join Flex’s Cloud and Power Infrastructure segment, which the company plans to spin off into an independent publicly traded entity in the first quarter of 2027. Flex Ltd. is a global manufacturing partner that designs, builds, and manages products for technology customers.