Flex - M&A Summary and Business Overview

SemiconductorsCompany

Flex M&A Summary

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%).

Flex Business Overview

Where is Flex headquartered?

Flex is headquartered in Singapore, Singapore.

What is Flex’s revenue?

Flex disclosed revenue of 24,210M USD for 2020 and 26,211M USD for 2019.

How many employees does Flex have?

Flex has 167,201 employees.

What sector is Flex in?

Flex is a semiconductors company.

When was Flex founded?

Flex was founded in 1990.

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 ≤ '19 '20 '21 '22 '23 '24 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%)

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