Flex has completed the acquisition of Electrical Power Products (EP²), a provider of power control and protection systems. The move bolsters Flex’s capabilities in the utility, power generation, and data center sectors. These markets are currently driven by grid modernization and AI infrastructure expansion.
Flex’s board also approved a plan to spin off its Power and Cloud business into an independent, publicly traded entity called SpinCo. This separation creates two distinct companies with specialized growth strategies. SpinCo will focus specifically on high-growth AI data centers and digital infrastructure.
Flex targets the completion of this tax-free transaction in the first quarter of 2027.