Flex Completes Acquisition of Crown Technical Systems
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Flex has completed its $325 million acquisition of Crown Technical Systems, enhancing its presence in the power distribution and protection systems market. This acquisition is expected to increase Flex's exposure to high-growth markets and expand its power portfolio.
November 20, 2024 | 2:15 pm
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Flex has finalized its acquisition of Crown Technical Systems for $325 million, which is expected to enhance its market position in power distribution and protection systems, and expand its utility power market reach.
The acquisition of Crown Technical Systems is a strategic move for Flex, as it increases the company's exposure to high-growth markets such as modular data centers and medium voltage power distribution. This is likely to positively impact Flex's stock price in the short term due to the potential for increased revenues and market expansion.
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