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An announcement from Flex ( (FLEX) ) is now available.
Flex Ltd. has announced a $325 million acquisition of Crown Technical Systems, a leader in power distribution and protection systems, to bolster its presence in the utility power market and enhance its data center power solutions. This strategic move, expected to be accretive within the first year, aligns with Flex’s EMS + Products + Services strategy and is anticipated to significantly boost its U.S. data center market growth and expand its power portfolio.
For a thorough assessment of FLEX stock, go to TipRanks’ Stock Analysis page.