FLEX LTD. acquired Power modules business for approximately $54.7 million, net of cash acquired, a transaction completed in September 2017, structured as all cash.
Power modules business operates in Communications & Enterprise Compute (CEC). In September 2017 Flex acquired a power modules business that expanded its capabilities within the CEC segment. Purchase consideration of $54.7 million included $11.6 million net tangible assets, $33.3 million purchased intangibles ($16.0 million customer relationships) and $9.7 million goodwill.
expanded its capabilities within the CEC segment.
Power-electronics capability for the CEC segment. Communications & Enterprise Compute (CEC) segment
Additionally, in September 2017, the Company acquired a power modules business, which expanded its capabilities within the CEC segment. The Company paid $54.7 million, net of cash acquired.Flex FY18 10-K, Business and Asset Acquisitions & Divestitures note
Advisory firms were not disclosed for this transaction.