M&A Deal Summary

Flex Acquires Crown Technical Systems

On October 17, 2024, Flex acquired electrical equipment company Crown Technical Systems for 325M USD

Acquisition Highlights
  • This is Flex’s 4th transaction in the Electrical Equipment sector.
  • This is Flex’s 4th largest (disclosed) transaction.
  • This is Flex’s 10th transaction in the United States.
  • This is Flex’s 4th transaction in California.

M&A Deal Summary
Date 2024-10-17
Target Crown Technical Systems
Sector Electrical Equipment
Buyer(s) Flex
Deal Type Add-on Acquisition
Deal Value 325M USD
Advisor(s) RA Capital Advisors (Financial)

Target

Crown Technical Systems

Fontana, California, United States
Crown Technical Systems offers fully integrated power distribution and protection systems, with extensive capabilities in modular solutions, medium voltage switchgear, control, and relay products. Crown Technical Systems is based in Fontana, California.

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Buyer(S) 1

Buyer

Flex

Austin, Texas, United States
Category Company
Founded 1969
Sector Semiconductors
Employees148,115
Revenue 26.4B USD (2024)
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 1969 and is based in Austin, Texas.

DEAL STATS #
Overall 14 of 14
Sector (Electrical Equipment) 4 of 4
Type (Add-on Acquisition) 14 of 14
State (California) 4 of 4
Country (United States) 10 of 10
Year (2024) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-31 Freeflow

County Kerry, Ireland

Freeflow provides improved profitability to the product lifecycle through deep domain expertise in circularity and a scalable, cloud-based B2B secondary marketplace for asset disposition, enabling customers to sell surplus and returned inventory while protecting primary channel strategies. The company's independently-hosted digital platform removes the need for IT systems integration and provides a secure marketplace that gives customers complete control over sales processes, trading, and reporting. Freeflow is headquartered in County Kerry, Ireland.

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