Flex said it has entered into a definitive agreement to acquire Electrical Power Products, Inc. (EP2). The all-cash deal is valued at about $1.1 billion, or about $1.0 billion including expected tax benefits of about $0.1 billion.

1. 01

   Flex said it has entered into a definitive agreement to acquire Electrical Power Products, Inc. (EP2). The all-cash deal is valued at about $1.1 billion, or about $1.0 billion including expected tax benefits of about $0.1 billion.

2. 02

   The company said EP2 has designed, integrated and manufactured control and relay panels and modular, integrated control buildings for more than 35 years. It said its customers are in utilities, power generation and industrial markets, and that it operates a manufacturing campus in Des Moines, Iowa.

3. 03

   The company said EP2 is expected to generate revenue of about $323 million in the fiscal year ending March 31, 2026. It also said it expects double-digit organic growth and a mid to high-teens adjusted EBITDA margin profile.

4. 04

   The company said the deal is expected to close in the first quarter of Flex's fiscal 2027, which ends in Q1, subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Act. It also said the acquisition is expected to be accretive to adjusted EPS in the first full fiscal year after closing.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.