Flex Acquires Crown Technical Systems
November 20, 2024
Flex (NASDAQ: FLEX) completed its $325 million all-cash acquisition of Crown Technical Systems, a designer and manufacturer of power distribution and protection systems. The deal expands Flex’s critical power portfolio into utility power and modular data center markets and adds an expected ~$120 million revenue business to its Industrial Business unit.
- Buyers
- Flex
- Targets
- Crown Technical Systems
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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