Flex finalized its $325 million all-cash acquisition of Crown Technical Systems, solidifying its position in the power distribution and protection systems market. This strategic move broadens Flex’s footprint in fast-growing markets such as modular data centers and medium voltage power distribution while expanding its portfolio into the utility power sector. The acquisition was first announced earlier this year.
With this deal, Flex gains a stronger presence in the U.S. data center market and bolsters its critical power portfolio. Crown Technical Systems is projected to deliver $120 million in revenue and achieve high-teens EBITDA margins in fiscal 2025, ending March 31, 2025. The business will integrate into Flex’s Industrial Business unit within its Reliability Solutions segment, aligning with the company’s strategic priorities in high-growth, margin-accretive markets.
“We are pleased to welcome the Crown Technical Systems team officially to Flex,” said Revathi Advaithi, CEO of Flex. “This transaction strategically strengthens our unique EMS + Products + Services data center and power portfolio and expands our presence in high-growth markets to help drive long-term value for our customers and shareholders.”
Key Points
• Transaction Value: $325 million in all-cash.
• Revenue Impact: Expected to generate $120 million in FY2025.
• Integration: Part of Flex’s Industrial Business unit under the Reliability Solutions segment.
• Growth Focus: Expands presence in modular data centers, medium voltage power distribution, and utility power markets.
• Margin Impact: Anticipates high-teens EBITDA margins for Crown Technical Systems.
“We are pleased to welcome the Crown Technical Systems team officially to Flex,” said Revathi Advaithi, CEO of Flex. “This transaction strategically strengthens our unique EMS + Products + Services data center and power portfolio and expands our presence in high-growth markets to help drive long-term value for our customers and shareholders.”