Flex - M&A Summary and Business Overview

SemiconductorsCompany

Flex M&A Summary

Flex has acquired 16 companies, including 3 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 1 asset.

Flex’s largest acquisition to date was in 2021, when it acquired Anord Mardix for $540M. Flex has acquired in 6 different US states, and 4 countries. The Company’s most targeted sectors include electrical equipment (29%) and electronics (15%).

Flex Business Overview

Where is Flex headquartered?

Flex is headquartered in Austin, Texas.

What is Flex’s revenue?

Flex disclosed revenue of 26,415M USD for 2024 and 28,502M USD for 2023.

How many employees does Flex have?

Flex has 148,115 employees.

What sector is Flex in?

Flex is a semiconductors company.

When was Flex founded?

Flex was founded in 1969.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity14
    • M&A Sell Activity1
  • Total Sectors Invested 8
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 7

Flex

Flex Ltd.

12455 Research Boulevard,
Austin, Texas 78759
United States,
+65 6876 9899
www.flex.com

Flex is a Sketch-to-Scale™ solutions provider that designs, manufactures and distributes intelligent products for a connected world. Flex provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets. Flex was founded in 1969 and is based in Austin, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 11 - 1 - - 2 14
vol $824M $540M $325M $1.7B
Sell (0.2/yr) # - - - - 1 - 1
  15

Most Recent M&A

Company Date Value Type
Crown Technical Systems 2024-10-17 325M USD Add-on Acquisition
Fontana, California · www.crowntechnicalsystems.com
Freeflow 2024-05-31 - Add-on Acquisition
County Kerry, Ireland · www.freeflow.com
NEXTracker, Inc. 2023-02-08 - IPO
Fremont, California · www.nextracker.com
Anord Mardix Ltd. 2021-10-18 540M USD Add-on Acquisition
Dundalk, Ireland · www.anordmardix.com
AGM Automotive, Inc. 2017-02-21 - Add-on Acquisition
Troy, Michigan · www.agmautomotive.com
Farm Design, Inc. 2015-12-08 - Add-on Acquisition
Hollis, New Hampshire · www.farmpd.com
NEXTracker, Inc. 2015-09-08 330M USD Add-on Acquisition
Fremont, California · www.nextracker.com
Mirror Controls International B.V. 2015-04-29 494M USD Add-on Acquisition
Woerden, Netherlands · www.mirrorcontrols.com
RIWISA AG 2013-11-04 - Add-on Acquisition
Hagglingen, Switzerland · www.riwisa.com
Saturn Electronics & Engineering, Inc. 2012-12-03 - Add-on Acquisition
Rochester Hills, Michigan
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Multek Corp.    - Sheldahl, Inc. 2004-08-16 1
Northfield, Minnesota · www.multek.com Northfield, Minnesota · www.sheldahl.com
Solectron Corp.    - Dy 4 Systems, Inc. 2004-02-02 1
Milpitas, California Kanata, Ontario
Solectron Corp.    - Magnetic Data Technologies LLC 2002-06-11 4
Milpitas, California Goleta, California
Solectron Corp.    - Texas Instruments - Custom Manufacturing Services(CMS) Business 1996-01-30 3
Milpitas, California Austin, Texas

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 4 (29%) 865M (51%) - -
Automotive 2 (14%) 494M (29%) - -
Electronics 2 (14%) - - -
Medical Products 2 (14%) - - -
Technology Hardware 1 (7%) 330M (20%) 1 (100%) -
Chemicals 1 (7%) - - -
Internet Software and Services 1 (7%) - - -
Manufacturing 1 (7%) - - -
Total 14 $1.7B 1 -

By Geo

State/Country Buy Value Sell Value
United States 10 655M 1 -
  California 4 655M 1 -
  Michigan 2 - - -
  Texas 1 - - -
  New Hampshire 1 - - -
  Kansas 1 - - -
  Illinois 1 - - -
Ireland 2 540M - -
Netherlands 1 494M - -
Switzerland 1 - - -
Domestic 10 (71%) 655M (39%) 1 (100%) -
Cross-border 4 (29%) 1.0B (61%) - -
Total 14 $1.7B 1 -

Deal Values

buy # Total
$100M to $1B 4 $1.7B
TOTAL $1.7B
Largest Anord Mardix Ltd.
$540M (2021-10-18)

M&A Connections

Deals
Acquired from
Investor(s)
36%
5 (36%)

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.