Flex to Buy Data Center Power Company for $540M
Contract manufacturer Flex agreed to buy power solutions specialist Anord Mardix from private equity firm Bertram Capital for $540 million cash, Flex said Monday. The acquisition, expected to close in Q4, expands Flex’s presence in the data center power market,…
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it said. It’s in keeping with Flex’s recent strategy “to move toward higher margin opportunities in faster growing verticals,” and away from profit-poor consumer tech segments, said CEO Revathi Advaithi.