Flex to buy Electrical Power Products for $1.1 billion; shares up

Flex

30/03/2026 14:41

** Shares of electronics maker Flex FLEX.O up nearly 2% at $66 in morning trading

** Co has entered into a definitive agreement to acquire Electrical Power Products for all-cash transaction valued at about $1.1 billion

** Electrical Power Products designs and builds custom electrical control and protection systems used to safely manage power in utilities, power plants and industrial facilities

     ** The deal is expected to be accretive to Flex's adjusted earnings per share in the first full year after it closes

** The transaction is expected to close in the first quarter of Flex's fiscal year 2027, subject to customary closing conditions

** Including session's moves, shares up 9.4% YTD

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))