FLEX LTD. acquired Mirror Controls International (MCi) for approximately $555.2 million, net of $27.7 million of cash acquired, a transaction completed in June 2015, structured as all cash.
Mirror Controls International (MCi) operates in High Reliability Solutions (HRS) - Automotive. Flextronics (now Flex) acquired 100% of the outstanding share capital of Mirror Controls International, a supplier of electronic actuation and mechatronics systems for the automotive market. The deal added $75.5 million in customer-related intangibles and $161.3 million in licenses and other intangibles, with total aggregate purchase price recorded at $555.2 million.
This acquisition expanded the Company's capabilities in the automotive market, and was included in the HRS segment.
Higher-margin automotive mechatronics content expanding the HRS segment. High Reliability Solutions (HRS) segment
This acquisition expanded the Company's capabilities in the automotive market, and was included in the HRS segment.Flextronics International FY16 10-K, Business and Asset Acquisitions note
Advisory firms were not disclosed for this transaction.