Flex Powers Up AI Ambitions With $4.4B Acquisition Of EPC Power
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Manufacturing services firm Flex (FLEX) announced Thursday that it has entered into a definitive agreement to acquire EPC Power Corp. for $4.4 billion, marking a significant step to bolster its power conversion technology for artificial intelligence infrastructure and power grids. The acquisition will integrate EPC Power into Flex's Cloud and Power Infrastructure (CPI) business segment. The transaction is projected to wrap up in the fourth quarter of calendar year 2026, subject to customary regulatory approvals and standard closing terms. Following the close, Flex plans to carve out its CPI business into an independent, publicly traded corporation during the first quarter of 2027. FLEX stock rose nearly 2% on Thursday, but dropped about 1.6% after-hours. Founded in 2010 and based in California, EPC Power designs and manufactures specialized power conversion equipment. Its technologies feature custom hardware, internal software, and controls tailored for data centers, microgrids, and large-scale utility operations. EPC Power's lineup is tailored to enable modern 800-volt data center power setups, a design gaining traction as power-heavy AI processing workloads demand greater efficiency. The target company's pipeline includes rectifiers, DC-to-DC energy converters, and upcoming solid-state transformer technology...
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