Flex Completes Acquisition of Electrical Power Products (EP²)

Flex (NASDAQ: FLEX) completed the acquisition of Electrical Power Products (EP²) on May 4, 2026, adding engineered‑to‑order electrical power control and protection capabilities.

Rhea-AI Summary

Flex (NASDAQ: FLEX) completed the acquisition of Electrical Power Products (EP²) on May 4, 2026, adding engineered‑to‑order electrical power control and protection capabilities.

The deal expands Flex's Critical Power portfolio, strengthens presence in utility, power generation and data center markets, and adds a Midwest manufacturing footprint supporting U.S. reshoring. EP² brings more than 35 years of engineering and manufacturing experience and will be integrated into Flex's Embedded and Critical Power business.

Positive

• Adds engineered‑to‑order electrical power control and protection capabilities
• Strengthens presence in utility, power generation, and data center markets
• Adds scaled Midwest manufacturing footprint supporting U.S. reshoring
• Integrates EP² into Embedded and Critical Power business
• Brings EP²'s >35 years of engineering and manufacturing experience

Negative

• None.

Argus May 4 session

+0.15% close to close Open Argus

Details

News Market Reaction – FLEX

In the May 4 session, FLEX gained 0.15%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms Flex’s completion of the EP² acquisition, extending its Critical Power ca...

Analysis

This announcement confirms Flex’s completion of the EP² acquisition, extending its Critical Power capabilities for utilities, power generation, and data centers. It follows the earlier Mar 30, 2026 agreement and mirrors prior deals like Crown Technical Systems and JetCool that built out power and cooling solutions. Key considerations include integration of EP²’s U.S. manufacturing footprint, realization of engineered-to-order benefits, and how this fits alongside upcoming catalysts such as scheduled earnings updates and recent regulatory filings.

Key Figures

Operating history: more than 35 years

Operating history

more than 35 years

EP² experience in engineered power control and protection systems

Previous Acquisition Reports

5 past events · Latest: Mar 30

Same Type 5 events

1. Mar 30

   Acquisition agreement

   24h Move

   -6.5%

   Announced all-cash EP² acquisition to expand Critical Power portfolio.

2. Sep 08

   Peer acquisition news

   24h Move

   +0.6%

   Nextracker acquired Origami Solar to enter solar panel frame market.

3. Nov 20

   Acquisition completion

   24h Move

   +6.7%

   Flex completed $325M Crown Technical Systems acquisition, boosting power exposure.

4. Nov 14

   Technology acquisition

   24h Move

   -1.2%

   Flex acquired JetCool to enhance liquid cooling for data centers and AI workloads.

5. Oct 17

   Acquisition announcement

   24h Move

   +1.7%

   Flex announced plan to buy Crown Technical Systems for $325M in cash.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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News summary

• Expands Flex's Critical Power portfolio with engineered-to-order electrical power control and protection capabilities 
• Strengthens utility and power generation market presence through deep engineering expertise and U.S. manufacturing scale
• Supports long term growth driven by grid modernization, electrification, data center demand, and U.S. reshoring

AUSTIN, Texas, May 4, 2026 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced the completion of its acquisition of Electrical Power Products, Inc. ("EP²"), a leading provider of engineered‑to‑order electrical power control and protection systems.

EP² expands Flex's Critical Power offering, adding engineered‑to‑order capabilities that support utility, power generation and data center customers. The addition strengthens Flex's ability to deliver scalable, customized power control and protection solutions for grid modernization, electrification, and growing data center demand, while adding a scaled Midwest manufacturing presence that supports U.S. reshoring initiatives. EP²'s employees, leadership, and facilities will be integrated into Flex's Embedded and Critical Power business.

"We are pleased to welcome the EP² team to Flex," said Revathi Advaithi, Chief Executive Officer of Flex. "This acquisition strengthens our Critical Power platform and supports our strategy to meet growing demand for resilient electrical infrastructure. EP²'s engineering expertise, customer‑focused culture, and utility‑grade solutions further enhance our power portfolio."

Headquartered in Des Moines, Iowa, EP² brings more than 35 years of experience designing, integrating, and manufacturing highly engineered control and relay panels, as well as modular, integrated control buildings, for a diverse base of long‑standing customers.

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For more information, visit flex.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. securities laws, including statements related to the anticipated benefits of the acquisition of Electrical Power Products, Inc. and general business outlook. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. These risks include: the possibility that we may not fully realize the projected benefits of the acquisition in a timely manner or at all; business disruption following the acquisition; diversion of management time on acquisition- and integration-related issues; the combined operations may not be successfully integrated; the reaction of customers and other persons to the acquisition; and other events that could adversely impact the anticipated benefits of the acquisition, including industry or economic conditions outside of our control. In addition, actual results are subject to other risks and uncertainties that relate more broadly to our overall business, including those more fully described in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and in our subsequent filings. Flex assumes no obligation to update any forward-looking statements, which speak only as of the date they are made, except as required by applicable law.

Investor and Press Contacts

Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com

Press Contact
press@flex.com

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SOURCE Flex

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Flex announce on May 4, 2026 regarding EP² (FLEX)?

Flex completed the acquisition of Electrical Power Products (EP²) on May 4, 2026. According to the company, EP² will join Flex's Embedded and Critical Power business and its employees, leadership, and facilities will be integrated.

How does the EP² acquisition affect Flex's Critical Power offerings (FLEX)?

The acquisition adds engineered‑to‑order control and protection capabilities to Flex's Critical Power portfolio. According to the company, this enhances Flex's ability to deliver customized solutions for grid modernization, electrification, and data center demand.

Will the EP² deal expand Flex's manufacturing footprint for FLEX?

Yes. According to the company, EP² brings a scaled Midwest manufacturing presence in Des Moines, Iowa, which Flex says supports U.S. reshoring and adds manufacturing capacity for critical power systems.

What markets does Flex aim to strengthen with the EP² acquisition (FLEX)?

Flex aims to strengthen its presence in utility, power generation, and data center markets. According to the company, EP²'s utility‑grade solutions and engineering expertise target customers in those sectors.

What experience does EP² bring to Flex (FLEX)?

EP² brings more than 35 years of experience designing and manufacturing engineered control and relay panels and modular control buildings. According to the company, that expertise complements Flex's Critical Power engineering capabilities.