Flex Mergers and Acquisitions Summary

SemiconductorsCompany

Flex has acquired 14 companies, including 1 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 (25%) and automotive (17%).

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M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity12
    • M&A Sell Activity1
  • Total Sectors Invested 7
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 7

Flex

Flex Ltd.

2 Changi South Lane,
Singapore, 486123
Singapore,
+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 1990 and is based in Singapore.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.2/yr) # 11 - - 1 - - 12
vol $824M $540M $1.4B
Sell (0.2/yr) # - - - - - 1 1
  13

Most Recent M&A

Company Date Value Type
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
LightWild L.C. 2012-07-01 - Add-on Acquisition
Overland Park, Kansas
Stellar Microelectronics, Inc. 2012-03-12 - Add-on Acquisition
Valencia, California · www.stellarmicro.com
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 3 (25%) 540M (40%) - -
Automotive 2 (17%) 494M (36%) - -
Electronics 2 (17%) - - -
Medical Products 2 (17%) - - -
Technology Hardware 1 (8%) 330M (24%) 1 (100%) -
Chemicals 1 (8%) - - -
Manufacturing 1 (8%) - - -
Total 12 $1.4B 1 -

By Geo

State/Country Buy Value Sell Value
United States 9 330M 1 -
  California 3 330M 1 -
  Michigan 2 - - -
  Texas 1 - - -
  New Hampshire 1 - - -
  Kansas 1 - - -
  Illinois 1 - - -
Ireland 1 540M - -
Netherlands 1 494M - -
Switzerland 1 - - -
Domestic - - - -
Cross-border 12 (100%) 1.4B (100%) 1 (100%) -
Total 12 $1.4B 1 -

Deal Values

buy # Total
$100M to $1B 3 $1.4B
TOTAL $1.4B
Largest Anord Mardix Ltd.
$540M (2021-10-18)

M&A Connections

Deals
Acquired from
Investor(s)
42%
5 (42%)

Company Summary

SECTOR

Semiconductors

Revenue

24,210   8% 2020
26,211   4% 2019
25,441   2018
(millions of USD)

Employees

167,201

Established

1990

Public

NASDAQ: FLEX

Former Name

Flextronics International Ltd.

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