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StocksMediumUpdated•Originally published 30 March 2026•Updated 31 March 2026•

1 min read

Flex to Acquire Electrical Power Products (EP²) for $1.1 Billion in Cash

Key Facts

1Flex announced a definitive agreement to acquire EP² for approximately $1.1 billion in an all-cash transaction.

2The acquisition aims to expand Flex's Critical Power portfolio and strengthen its expertise in utility, power generation, and industrial sectors.

4 months ago

Version History

Version 14 months ago

What changed: The story was updated to highlight the specific strategic growth drivers behind the acquisition, including grid modernization and data center expansion.

Flex (NASDAQ: FLEX) has entered into a definitive agreement to acquire Electrical Power Products (EP²) for approximately $1.1 billion in an all-cash transaction. The acquisition is designed to significantly expand Flex's Critical Power portfolio and bolster its expertise in the utility and power generation sectors. Specifically, the deal targets growth opportunities driven by electrification trends, grid upgrades, and the rapid expansion of data centers. EP² specializes in engineered-to-order electrical power control and protection systems, providing a major manufacturing footprint in the US Midwest. The transaction includes anticipated tax benefits of approximately $0.1 billion, bringing the net value to roughly $1.0 billion after tax considerations. This strategic move aims to capture high-value market share by integrating EP²'s specialized engineering talent to meet rising infrastructure demand.