Flex acquires electrical power company, shares surge

By Chris Stiles • Monday, May 04 11:39 • Permanent Link

Flex completed its acquisition of Electrical Power Products, or ep², adding a business with more than 35 years of experience in electrical power control and protection systems.

The deal expands Flex’s critical power portfolio with engineered-to-order capabilities for utility, power generation and data center customers. It also adds a scaled Midwest manufacturing base in Des Moines, Iowa.

The acquisition is aimed at markets tied to grid modernization, electrification and data center demand. Flex said ep²’s control and relay panels, along with modular integrated control buildings, will be folded into its embedded and critical power business.

Flex did not disclose the purchase price or financial terms in the release.

The company said ep²’s employees, leadership and facilities will be integrated into Flex’s operations. As a result of these announcements, the company's shares have moved 5.19% on the market, and are now trading at a price of $91.41. For more information, read the company's full 8-K submission here.

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