M&A Deal Summary

Flex Acquires NEXTracker

On September 8, 2015, Flex acquired technology hardware company NEXTracker for 330M USD

Acquisition Highlights
  • This is Flex’s 1st transaction in the Technology Hardware sector.
  • This is Flex’s 3rd largest (disclosed) transaction.
  • This is Flex’s 7th transaction in the United States.
  • This is Flex’s 3rd transaction in California.

M&A Deal Summary
Date 2015-09-08
Target NEXTracker
Sector Technology Hardware
Buyer(s) Flex
Deal Type Add-on Acquisition
Deal Value 330M USD

Target

NEXTracker

Fremont, California, United States
website
NEXTracker, Inc. is a designer and builder of single-axis PV trackers.

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Buyer(S) 1

Buyer

Flex

Singapore, Singapore

website

Category Company
Founded 1990
Sector Semiconductors
Employees167,201
Revenue 24.2B USD (2020)
DESCRIPTION
Flextronics facility in Fremont, California.
Flextronics facility in Fremont, California.

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 1990 and is based in Singapore.

DEAL STATS #
Overall 9 of 12
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 9 of 12
State (California) 3 of 3
Country (United States) 7 of 9
Year (2015) 2 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-29 Mirror Controls International B.V.

Woerden, Netherlands

Mirror Controls International B.V. is a provider of motorised actuators for exterior automotive mirror systems. The company is a Tier 2 component specialist, supplying to the global mirror system suppliers from manufacturing operations in Ireland, Mexico and China.

Buy $494M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 Farm Design

Hollis, New Hampshire, United States

Farm Design, Inc. is a provider of complete development and design services for medical device and diagnostic companies.

Buy -
Mergr

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