FLEX LTD. acquired AGM Automotive for approximately $213.7 million, net of cash acquired, a transaction completed in April 2017, structured as all cash.
AGM Automotive operates in High Reliability Solutions (HRS) - Automotive. Flex acquired AGM Automotive, expanding its capabilities in the automotive market. Purchase consideration was $213.7 million, comprising $56.4 million net tangible assets, $82.0 million purchased intangibles (solely customer relationships, amortized over ~10 years) and $75.3 million goodwill.
expanded its capabilities in the automotive market, and is included within the HRS segment.
Customer-relationship-rich automotive supplier deepening HRS scale. High Reliability Solutions (HRS) segment
In April 2017, the Company completed its acquisition of AGM, which expanded its capabilities in the automotive market, and is included within the HRS segment. The Company paid $213.7 million, net of cash acquired.Flex FY18 10-K, Business and Asset Acquisitions & Divestitures note
Advisory firms were not disclosed for this transaction.