Flex will acquire power electronics manufacturer EPC Power Corp from Goldman Sachs Alternatives and Cleanhill Partners for $4.4 billion. The companies announced the definitive agreement on September 3, 2026. The transaction is expected to close in the fourth quarter of 2026, pending customary conditions.
EPC Power specializes in power conversion technology for data centers, grid modernization, and renewable energy. Flex intends to use the acquisition to enhance its next-generation data center power architectures. This strategic move addresses the surging power demands driven by artificial intelligence.
EPC Power is projected to generate approximately $800 million in revenue in 2026. The company expects significant revenue growth to continue into 2027.