Flex to Acquire Electrical Power Products for $1.1 Billion, Expanding Critical Power Portfolio
FLEX has more than doubled off its 52-week low of $25.11.
Summary
Flex announced a definitive agreement to acquire Electrical Power Products, Inc. for $1.1 billion in an all-cash transaction, aiming to expand its critical power capabilities and address high-growth markets.
Key Events · M&A and Partnerships · FLEX
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Major Acquisition Announced
Flex has entered into a definitive agreement to acquire Electrical Power Products, Inc. (EP2), a provider of engineered-to-order electrical power control and protection systems.
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Transaction Details
The acquisition is an all-cash transaction valued at approximately $1.1 billion, or $1.0 billion after anticipated tax benefits. EP2 is expected to generate $323 million in revenue for its fiscal year ending March 31, 2026, with a mid to high-teens adjusted EBITDA margin.
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Strategic Expansion
The acquisition significantly expands Flex's Critical Power portfolio, adding deep utility, power generation, and industrial expertise. It also broadens exposure to high-growth markets like grid modernization, electrification, and data center buildout.
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Financial Impact
The transaction is expected to be accretive to Flex's adjusted EPS in the first full fiscal year after closing.
Analysis · FLEX · Manufacturing
Flex's agreement to acquire Electrical Power Products, Inc. for $1.1 billion (approximately $1.0 billion after tax benefits) is a significant strategic move. This all-cash transaction, representing a notable portion of Flex's market capitalization, is expected to be accretive to adjusted EPS in the first full fiscal year post-close. The acquisition expands Flex's Critical Power portfolio, deepens its presence in the utility and power generation sectors, and enhances its engineered-to-order capabilities. This move aligns Flex with high-growth, margin-accretive end markets driven by long-term trends such as grid modernization, electrification, and data center buildout, positioning the company for future growth.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.3% of the 1324 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FLEX was trading at $64.70 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $23.8B. The 52-week trading range was $25.11 to $72.22. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.