Flex To Acquire Crown Technical Systems, For $325M In An All-Cash Transaction
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Flex (NASDAQ:FLEX) is acquiring Crown Technical Systems for $325 million in an all-cash deal. This acquisition will enhance Flex's capabilities in power distribution and protection systems, and is expected to be accretive in the first year.
October 17, 2024 | 1:12 pm
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Flex is acquiring Crown Technical Systems for $325 million, enhancing its power distribution capabilities. The acquisition is expected to be accretive in the first year, indicating potential positive financial impact.
The acquisition of Crown Technical Systems by Flex is a strategic move to enhance its power distribution and protection systems capabilities. The deal is expected to be accretive in the first year, suggesting a positive financial impact on Flex's earnings. This acquisition also expands Flex's presence in the utility power market, which could lead to further growth opportunities.
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